The electric industry's most referenced title for more than thirty years!

In this latest edition, renowned author and industry analyst, Leonard Hyman, explains 

how for eighty years, the electricity business advanced, propelled by technology and aided by politics. Costs dropped and prices fell, making customers happier and stockholders wealthier. Then, in the 1960s, costs began to rise and growth slackened. In the 1990s, policy makers restructured the industry, opening it up to competition and new technologies.

Covering the basics and providing valuable insights into the future of the electric market. Get a clear and concise review of industry fundamentals including: accounting, engineering, economics, finance, law, operations, and risk management.

Statistics on: Rate of Return, Operations and Sales, Ownership Trends, Market Restructuring and much more!

AUTHOR: LEONARD HYMAN & WILLIAM TILLES

ISBN: 979-8-218-00478-1
7 x 10 inches
Hard cover
490 pages

9th ed. (c) 2022

Table of Contents:

Part One: You Are Here 1
Chapter 1 – You are Here. . 3

Part Two: Operations 17
Chapter 2 – Generation, Demand and Network. . 19
Chapter 3 – Fuels, Renewables and the Environment. . 39
Chapter 4 – Supply and Demand. . 51

Part Three: Organization and Structure 67
Chapter 5 – Industry Functions. . 69
Chapter 6 – Ownership. . 85
Chapter 7 – The Role of Regulation. . 95

Part Four: From There to Here 101
Chapter 8 – The Brief Age of Edison. . 103
Chapter 9 – Getting Organized. . 113
Chapter 10 – Rise and Fall of the Holding Companies. . 129
Chapter 11 – The Best of Times. . 153
Chapter 12 – The Worst of Times. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 163
Chapter 13 – Restructuring the Market. . 177

Part Five: Regulation 213
Chapter 14 – The Development of Regulation. . 215
Chapter 15 – Return, Rate Base and Capitalization. . 225
Chapter 16 – Electric Bills and Utility Economics. . 253
Chapter 17 – Beyond Regulation. . 267

Part Six: Finance and Accounting 275
Chapter 18 – The Basics of Utility Accounting and Finance. . 277
Chapter 19 – The Statement of Income and Retained Earnings. . 283
Chapter 20 – The Balance Sheet. . 299
Chapter 21 – The Statement of Cash Flows. . 313
Chapter 22 – Public Power Finance. . 321
Chapter 23 – Financial Analysis. . 333
Chapter 24 – Market Returns, per Share Ratios and Bond Ratings. . 361
Chapter 25 – Risk Management. . 379
Chapter 26 – Financial Report Card. . 391
Part Seven: From Here to Where? 409
Chapter 27 – The Four Questions. . 411
Chapter 28 – Now What?. . 429
Appendices 439
Chronology: 1800-2021. . 439
Industry Statistics. . 453
Index 467