Cleaning Up America's Biggest Industry
CORRUPTION IS GROWING IN THE POWER SECTOR as modern technologies challenge monopolies and their outmoded generators. Threatened electric utilities, in turn, gun for taxpayer- and ratepayer-funded subsidies, which they increasingly seek through fraud-filled schemes.
In Power Corrupts: Cleaning Up America’s Biggest Industry, Richard Munson reports on such billion-dollar scandals and reveals how bribery-obtained bailouts have become a drag on the economy, a threat to the rule of law, and a barrier to tackling climate change. To block such racketeering and enhance innovation, Munson calls for increased transparency and ethics in the energy sector.
“Power Corrupts shreds the country club camouflage that masks unscrupulous, often illegal, activities in the C‑Suites of many of America’s leading electric utilities. It also describes how utility regulatory commissions evolved from guard dogs into lapdogs. If you are curious about why your utility bills are skyrocketing, read this book!”
“Power Corrupts documents how for-profit electric utilities have infected government with deceit, fraud, and graft. It is essential reading to understand why our energy system is failing to deliver for American consumers.”
