![]() The entities that manage the electric grid are the only ones allowed to do it in a certain geographic area. So, as I was saying before, when we talk about monopoly, folks are often using this term figuratively to talk about a corporation or even a government that exercises a lot of market power, but in the electricity in industry it’s literal. For today’s episode, ILSR co-director John Farrell, interviews Scott Hempling, a lawyer, Professor, expert witness and author, who has worked on utility regulatory issues for almost 40 years. For 45 years, ILSR has worked to build thriving equitable communities where power, wealth and accountability remain in local hands. ![]() I’m Jess Del Fiacco, the host of Building Local Power and communications manager here at the Institute for Local Self-Reliance. Hello and welcome to Building Local Power, a podcast dedicated to thought provoking conversations about how we can challenge corporate monopolies and expand the power of people to shape their own future. And a monopoly will do everything it can legally and sometimes unlawfully to protect that monopoly.” So, the first thing is to recognize just the natural human instinct to protect what’s yours. “…when you have a century of control in a particular company, that breeds a culture of entitlement and it breeds a huge self-interest in maintaining that monopoly. Electric Utilities: Industry Concentration and Corporate Complication - is now available. Update: As discussed in the podcast, Scott’s book - Regulating Mergers and Acquisitions of U.S.
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