Hollas, Daniel; Macleod, Kenneth; Stansell, Stanley - In: Journal of Economics and Finance 26 (2002) 2, pp. 123-137
This study examines the Natural Gas Policy Act of 1978 and Federal Energy Regulatory Commission (FERC) policies that culminated in Order 636 in 1992. The regulatory environment in which natural gas distribution utilities operate was altered. FERC policies forced local gas distribution utilities...