This volume focuses on the critical problems facing the electric power industry. Written for industry executives, power system planners, energy policymakers, and students of energy economics, Electric Power provides the historical background and developments necessary for an understanding of the present problems of the industry. Chase assesses various solutions proffered to rectify the current situation including recent deregulation initiatives, emphasizing their potential impact on the future reliability of service. Finally, he proposes a new industry initiative, one that will allow the industry to deal more effectively with an uncertain future.