In addition, positive steps will need to be taken to ensure that competition is allowed to develop and flourish in Utah, and to establish means to monitor the process. As the process unfolds in Utah, policy makers must keep three points in mind. Electricity is not an Orange First, despite what has been said on previous occasions, electricity is not an orange. Nor should it be treated as such. Electricity is not storable in the usual economic sense.
Electricity is an integral component of our modern economy.
The dynamics of electrical generation and transportation are far more complicated than anything Adam Smith envisioned. That is, firms will engage in anti-competitive behavior when economically viable. In this regard, measures or studies of market power based on the distribution of market shares are inadequate. PacifiCorp's Position in Utah Third, PacifiCorp is and will continue to be a dominate player in Utah for some time to come. Adam Smith would likely roll over in his grave at the thought of unleashing such potential for market abuse.