Analysis of Con Edison by Using Michael Porter`S Five Forces Model

1142 Words Oct 26th, 2012 5 Pages
THE CITY UNIVERSITY OF NEW YORK

LEHMAN COLLEGE

ECONOMIC ANALYSIS FOR MANAGERS

ANALYSIS OF CON EDISON BY USING MICHAEL PORTER`S FIVE FORCES MODEL

INSTRUCTOR: MINE AYSEN DOYRAN
STUDENT: Recep Maz

What makes electric utilities (Con Edison) monopolistic and why? Support your answer by referring to AT LEAST 2 FORCES outlined in MICHEAL PORTER’S Five Forces of Analysis Historical facts about Con Edison Company I would like to give breath information which is really too helpful for further examination for us. Experiments in electric generation had been under way for decades, and by 1878, the Avenue de l'Opera in Paris was lit with electric arc lamps. But arc
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P. Morgan. Edison received more than two hundred patents between 1879 and 1882 as he solved numerous problems in the generation, distribution, and metering of electric current. He had to develop even the most basic equipment — fuses, sockets, fixtures, switch, meters — and he had to build and test each part. Following the model for gas and water distribution, Edison was an early proponent of underground electric mains and services, and the first street mains were installed in New York during the summer of 1881. At the Pearl Street station in lower Manhattan, Edison's team installed the largest dynamos ever built. Each "Jumbo" dynamo (named after a popular circus elephant) weighed about 27 tons and had an output of 100 kilowatts — enough to power more than 1,100 lights [1]. Each of the six dynamos was driven by a steam engine, which received steam from boilers located in another part of the plant. At 3 p.m. on September 4, 1882, Edison's electric illuminating system went into operation. With the opening of Pearl Street, it was now possible for homes and businesses to purchase electric light at a price that could compete with gas. By October 1, 1882, less than a month after the opening of

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