Electricity market deregulation and environmental regulation: Evidence from U.S. nuclear power

Nuclear power in the United States provides substantial electricity supply and thus this study replicates the finding in Davis and Wolfram (2012) that divestiture leads to a statistically significant and economically meaningful increase in nuclear power reactor output. Divestiture is the sale of generating assets from regulated, investor-owned utilities to independent power producers with the profit motive to increase output. The divestiture...