1984 | OriginalPaper | Chapter
Resource Procurement: A Case Study of US Electric Utilities
Author : Richard L. Gordon
Published in: Risk and the Political Economy of Resource Development
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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In the USA, electric utilities and their fuel suppliers-notably those providing coal and uranium — have developed a wide range of arrangements to facilitate the flow of fuel to power-plants. The turbulent operation of fuel markets has provided severe tests of these arrangements. Predictably, the outcomes also have varied considerably. A central goal of the arrangements was to lessen the market risks associated with large-scale ventures to produce the fuels involved. This chapter seeks to review and analyse these electric-utility arrangements to show the implications for planning large-scale ventures.