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Power Industry

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History of the Power Industry
Power is so readily available and convenient these days that we do not often think about how these modern day necessity came to be. The electric power industry, in the United States, was started by Thomas Edison in the 1880s. Prior to that, there were small systems being sold to industrial companies to power factories but electricity has not yet been distributed. In the early years of the power industry, it was led by Thomas Edison, Charles Brush and Werner von Siemens, who were creating direct current systems to provide power. The first power station in the United States was called the Pearl Street Station and it serviced roughly 80 customers in the Manhattan area of New York. This is an extremely small number compared to the billions of people that use electricity today. Thomas Edison’s Pearl Street Station was originally started to be able to provide electricity to his new invention, the light bulb.
The early direct current systems worked great for supplying electricity to places within one mile of the power supply but people wanted to send power over long distances. In order to send DC power long distances, it had to be sent at a very high voltage. This led to the HVDC method which allowed the power to travel longer distance. The HVDC method was short-lived and in in the late 1880s and early 1890s alternating current came out. AC power was engineered by Oliver Shallenberger of Westinghouse and is much more versatile than direct current power because its voltage can be changed. His first system operated at 1000 volts and had a transmission length of 3 miles. The AC power technology spread rapidly, and as more people go involved, the better it became. In 1891 Mikhail Dolivo-Dobrovolsky was able to transmit electricity 109 miles in Frankfurt Germany.
AC power is still the type of electricity transmission method used today but the transmission has become much better. The power industry is an industry that is as close to a monopoly in the United States than any other industry. Some of the biggest companies are Pacific Gas & Electric (CA), Southern California Edison (CA), Florida Power & Light (FL), and Consolidated Edison (NY). These, and other power companies, provide around 150 Million households with electricity! With current technology and societies awareness of the benefits of alternative energy, it will be interesting to see how the power industry evolves in the coming years. Throughout this report we will further analyze the power industry as a whole and the many aspects that it is comprised of.

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