โ Scribed by Terzic, Branko
No coin nor oath required. For personal study only.
he old natural gas industry has a whole T new vocabulary. New terms such as: "unbundling," "convergence," "competition," and "restructuring" appear as seminar themes and reflect the new issues facing the industry. Occupying much of upper management's time is the question of which new structure or model will be most likely to increase shareholder value. Some companies have already made their transitions and may offer some instructive lessons.
and may offer some instructive lessons.
Change in the regulated industries has been prompted by today's political and regulatory realities. The political reality is the new interest of state legislatures in the utility industry. Legislation has been recently introduced in many states aimed at lowering prices to consumers by introducing elements of competition. The regulatory reality is that public service commissions have also initiated their own proceedings to investigate alternatives to the status quo -by promoting the "unbundled" sale of natural gas commodities. This has lead to an initial management response of establishing affiliated sales and marketing organizations to compete for gas commodity sales. Call this initial "restructuring" a direct result of regulatory changes.
๐ SIMILAR VOLUMES
## Abstract The South African automotive industry has been subjected to rapid structural change as a result of policies, which have liberalized imports but also encouraged exports. The sector has become much more internationally integrated with a particularly rapid increase in exports. This paper a