The Power Brokers: The Struggle to Shape and Control the Electric Power Industry

The Power Brokers is a comprehensive and engaging history of the electric industry, shedding light on the intricate relationship between government regulation and private sector players.

From the late 19th century to the present day, this book delves into the strategies and tactics employed by influential industry figures, including Samuel Insull, David Lilienthal, Don Hodel, Paul Joskow, Ken Lay, Amory Lovins, and Jim Rogers. The Power Brokers offers a detailed account of how these players navigated the complex regulatory landscape, shaping the industry into what it is today.

The book highlights key moments in history, such as the creation of the Tennessee Valley Authority (TVA) and the failed attempt at launching a multi-plant nuclear power program by the Bonneville Power Administration (BPA). Throughout the narrative, Lambert reveals how the industry has sought to manage, co-opt, and profit from government regulation.

The book also sheds light on the impact of market restructuring and the rise of competitive electricity markets, as well as the role of influential individuals in shaping the industry's future. Whether you are a student of history, an industry insider, or simply interested in understanding how complex systems work, The Power Brokers is an essential read.

With its engaging narrative and comprehensive scope, this book provides a unique perspective on the evolution of the electric industry and the forces that continue to shape it today.