A 10-Point Review of Electrical Technology The Key Driver for CHANGE

Authors

  • Leonard S. Hyman Senior Industry Advisor Salomon Smith Barney

DOI:

https://doi.org/10.13052/dgaej2156-3306.1621

Abstract

Technology made the old electric industry.
Technology unmade the old electric industry.
The regulators, the industry executives, the public policy share-
holders tried to put it together again.
Technology will unmake their efforts, too.
Here is HOW and WHY.

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Author Biography

Leonard S. Hyman, Senior Industry Advisor Salomon Smith Barney

Leonard S. Hyman, CFA, is a senior industry advisor to Salomon
Smith Barney. Previously he was managing director of Fulcrum Interna-
tional Ltd., as well as an independent consultant specializing in the
economics and finances of energy and telecommunications utilities.
From 1978 to 1994, as head of the Utility Research Group and first
vice president at Merrill Lynch, he supervised and maintained equity
research on foreign and domestic energy and telecommunication utili-
ties. He was a member of privatization teams for offerings of British,
Spanish, Mexican, Argentine and Brazilian utilities and consultant for
other restructuring studies. Prior to joining Merrill Lynch, he was a
partner at a New York Stock Exchange member firm and an officer at
Chase Manhattan Bank.
Author of America’s Electric Utilities: Past, Present and Future,
author of The New Telecommunications Industry: Evolution and Organization
and editor of The Privatization of Public Utilities , he has contributed to
other books and to professional journals.
For more than a decade, Mr. Hyman was cited by Institutional In-
vestor as one of the leading research analysts in his field. He is a Char-
tered Financial Analyst (CFA). He holds a BA from New York University,
where he was elected to Phi Beta Kappa, and an MA in economics from
Cornell University, where he majored in industrial organization and
minored in Latin American studies.
Salomon Smith Barney, Inc., 388 Greenwich St., New York, NY
10013; 212-816-8508.

References

Thomas P. Hughes, “Technological History and Technical Problems,” In Chauncey

Starr and Philip C. Ritterbush, eds., Science Technology and the Human Prospect (New

York: Pergamon Press, 1980), p. 182.

For details on industry pricing and profitability and returns on investment, see

Leonard S. Hyman, America’s Electric Utilities: Past, Present and Future (Vienna, VA:

Public Utilities Reports, 1997)

Richard F. Hirsh, Technology and Transformation in the American Electric Utility Indus-

try (Cambridge, UK: Cambridge University Press, 1969), p. ix

E.F. Schumacher, Small is Beautiful (New York: Harper & Row Perennial Library,

, p. 3

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Published

2001-03-23

How to Cite

Hyman, L. S. . (2001). A 10-Point Review of Electrical Technology The Key Driver for CHANGE. Distributed Generation &Amp; Alternative Energy Journal, 16(2), 7–13. https://doi.org/10.13052/dgaej2156-3306.1621

Issue

2001: Vol 16 Iss 2

Section

Articles