Chapter 1 Flashcards
Opportunities
Traditionally, how has power delivery been grouped?
With other public utility services such as water or natural gas.
What are utilities granted?
Franchises, or rights, to serve certain areas.
What were the conditions of the franchise?
Utilities were required to serve any and all customers requesting service.
What does IOU stand for?
Investor-Owned Utilities
What is an IOU?
Private companies in the Power Delivery Industry owned by stockholders.
What or who do IOU’s serve?
Highly populated areas that were profitable, such as cities and suburbs, but did not provide service to the rural communities.
Approximately how many IOU’s exist today?
100
When buying stock in IOU’s how’re they considered?
A safe and reliable long-term investment.
Approximately how many Municipalities exist today?
2,000
What is a unique trait of Municipalities?
Service territories generally follow city limit boundaries.
What is a Municipality?
A city-owned power delivery company.
What are some examples of IOU’s?
- The Southern Company
- Pacific Gas & Electric
- Ameren
- Idaho Power
- ComEd
What are some examples of Municipalities?
- Seattle City and Light
- Los Angeles Department of Water and Power
- Long Island Power Authority
- Austin Energy
- Orlando Utilities Commission
What did President Roosevelt recognize?
That the US could be more productive if all corners of the country had electricity.
In the 20’s and 30’s where was power only available?
Populated areas
What act did Roosevelt pass?
Rural Electrification Act
What did the Rural Electrification Act do?
Provided low-interest federal government loans for the construction of power systems in rural areas.
Where did the term “cooperative” derive from?
Citizens in rural areas would be allowed to form power companies that would serve its citizens.
Who governs not-for-profit REC’s?
Boards of elected officials who live within the service territories of the cooperative.
Approximately how many REC’s are there in the US?
1000
What are some examples of REC’s?
- Raft River Rural Electric
- Cobb Electric
- Membership Corporation
- Ravali County Electric Cooperative
What do PUD & PPD stand for?
- Public Utility District
- Public Power District
Who are PUDs and PPDs established and recognized by?
Individual states
What are PUDs and PPDs similar to?
Cooperatives
Where are PUDs and PPDs most popular?
- California
- Washington
- Oregon
- Nebraska
Who are PUDs and PPDs governed by?
Boards of elected officials who live within the service territories.
Why do PUDs and PPDs exist?
To provide service largely to rural communities.
How are PUDs and PPDs rates set?
By the boards of officials to cover their expenses and not o provide any profit.
Who owns PUDs and PPDs?
The customers that are served.