e §=Utility Value Chain
Epstein Suite indexes the text; the original document lives at its official source. We don't host the original file — view it on the official release to read it in full.
View the original on the official releasePeople & organizations named in this document
Being named here is not an accusation of wrongdoing.
Document text
Text is machine OCR and may contain errors. Confirm against the original source above.
Global Utility White Paper CONFIDENTIAL
e §=Utility Value Chain
The electricity value chain for a modern day fully integrated utility consists of Generation + Transmission
+ Distribution + Customers (see diagram below). Each segment of the value chain is a different business,
with distinct risks and economic drivers. Competition has surfaced in each part of the value chain other
than transmission and distribution (which are fully-regulated assets as they are deemed to be natural
monopolies). Still, regulators have learned to bring indirect competition even to monopoly-regulated
businesses by encouraging returns based on efficiency improvements or benchmarking to comparable
companies.
Basic Structure of the Electric System
Subtransmission
Customer
26kV and 69kV
Transmission Lines
500, 345, 230, and 138 kV
Substation
Step-Down
Transformer
Primary Customer
T3KV and 4 kV
Generator Step Transmission
Up Transformer Customer
Generating Station
138kV or 230kV
Secondary Customer
120V and 240V
Source: US Department of Energy
26 Electron Capital Partners, LLC
HOUSE_OVERSIGHT_024227
Have a question about what this document contains?
Ask the documents