Former isolated utility system models and gentlemen's agreements between power companies are no longer adequate to keep pace with complex interconnected networks and the deregulated competitive marketplace. Drawing from government reports (by the National Regulatory Research Institute, Department of Energy, Federal Energy Regulatory Commission, and National Governors Association), the editors of overview the basic concepts and debates in the electric industry. Specific issues are covered in the areas of: access (pre- and post-Order 888); pricing; expanding the transmission system; and wheeling and transmission (FERC and state jurisdiction, stranded costs, and independent system operators). Appends the FERC pro forma tariff. Intended for policymakers, and power producers' engineers and attorneys. No bibliography or index. Annotation c. by Book News, Inc., Portland, Or.