Insull

Insull

by Forrest Mcdonald
     
 
Next to Thomas Edison, Samuel Insull is the name you should remember as the most important and perhaps the most notorious person in the utility business. He was the billionaire utility tycoon from Chicago whose gas and electric empire operating in over thirty states in 1932, causing a million investors to lose two to three billion dollars. Starting as Thomas Edison's

Overview

Next to Thomas Edison, Samuel Insull is the name you should remember as the most important and perhaps the most notorious person in the utility business. He was the billionaire utility tycoon from Chicago whose gas and electric empire operating in over thirty states in 1932, causing a million investors to lose two to three billion dollars. Starting as Thomas Edison's private secretary in 1881, he was responsible for establishing centralized electric supply. He organized the Edison General Electric Company before the industrial giant of the same name, working out a model of nationwide distribution and promoting rural electrification. One of the most significant accomplishments was acquiring effective government regulation of public utilities. The author does not make judgments as to whether Insull was good or bad. He merely wants us to know the man for what he did.

Editorial Reviews

PM Marston
While the topic may sound dry and uninteresting, in fact McDonald presents a fascinating tale of how the electric utility industry came to be the way it is today. Anyone seriously considering the current "restructuring" or "deregulation" of electric utilities should be familiar with this work. Clearly a "10" for anyone interested in understanding why we have massive power plants, "stranded costs"-and a very hard time moving to a more competitive model.

Product Details

ISBN-13:
9781587982439
Publisher:
Beard Books, Incorporated
Publication date:
12/01/2004
Pages:
400
Sales rank:
653,974
Product dimensions:
0.89(w) x 9.00(h) x 6.00(d)

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