Vertical Integration

Vertical Integration
  An arrangement whereby the same company owns all the different aspects of making, selling, and delivering a product or service. In the electric industry, it refers to the historically common arrangement whereby a utility would own its own generating plants, transmission system, and distribution lines to provide all aspects of electric service.
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  The combination within a firm or business enterprise of one or more stages of production or distribution. In the electric industry, it refers to the historical arrangement whereby a utility owns its own generating plants, transmission system, and distribution lines to provide all aspects of electric service.
  U.S. Dept. of Energy, Energy Information Administration's Energy Glossary
  ***
  An arrangement whereby the same company owns all the different aspects of making, selling, and delivering a product or service. In the electric industry, it refers to the historically common arrangement whereby a utility would own its own generating plants,transmission system, and distribution lines to provide all aspects of electric service.
  California Energy Comission. Dictionary of Energy Terms

Energy terms . 2014.

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