Gas Pipelines and the Emergence of America's Regulatory State: A History of Panhandle Eastern Corporation, 19281993 [Hardcover]

A study of the changing relationship between regulatory policy and the modern corporation.The study of Panhandle Eastern's history shows the relationship between regulatory policy and the modern corporation in the twentieth century from a unique perspective, for it extends over three eras--unregulated, regulated and deregulated.The study of Panhandle Eastern's history shows the relationship between regulatory policy and the modern corporation in the twentieth century from a unique perspective, for it extends over three eras--unregulated, regulated and deregulated.The study of Panhandle Eastern's history shows the relationship between regulatory policy and the modern corporation in the twentieth century from a unique perspective, for it extends over three eras. This book shows how entrepreneurs competed, first, in an unregulated industry through the exercise of unrestrained corporate muscle, then as it became increasingly regulated and profitable, and finally in the era of business reorganization and deregulation when regulators changed the structure of the pipeline industry.Preface; 1. Introduction; Part I. Free Competition - Captive Markets: 2. Promoting Panhandle Eastern; 3. The Power Trust at bay; 4. The triumph of William Maguire; Part II. Managing Regulation: The Challenge: 5. Competing in new forums; 6. Regulatory dynamics and market control; 7. Strategic diversifications; Part III. Search For a New Equilibrium: 8. Strategic innovations; 9. Struggle for corporate control; 10. The new order; Appendix 1. An earlier effort; Appendix 2. Interview list. ...A well written history....Castaneda and Smith are skilled in providing brief sketches of Panhandle executives. Business History Review Gas Pipelines is a balanced and careful book that tells an important and thought-provoking story. Werner Troesken, The Journal of Economic History The history of Panhandle Eastern, clearly and sparsely delineated by Castaneda and Smith, provides exceptionally useful evide