Restructuring

Restructuring
  The process of changing the structure of the electric power industry from one of guaranteed monopoly over service territories, as established by the Public Utility Holding Company Act of 1935, to one of open competition between power suppliers for customers in any area.
  The reconfiguration of the vertically-integrated electric utility. Restructuring usually refers to separation of the various utility functions into individually-operated and-owned entities.
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  The process of replacing a monopoly system of electric utilities with competing sellers, allowing individual retail customers to choose their electricity supplier but still receive delivery over the power lines of the local utility. It includes the reconfiguration of the vertically-integrated electric utility.
  U.S. Dept. of Energy, Energy Information Administration's Energy Glossary
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  The reconfiguration of the vertically-integrated electric utility. Restructuring usually refers to separation of the various utility functions into individually-operated and -owned entities.
  California Energy Comission. Dictionary of Energy Terms

Energy terms . 2014.

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