History of the U.S. Industry

Events

Benjamin Franklin performed the kite experiment.

1752

The kite experiment was used to monitor electricity.

Michael Faraday developed a electric motor.

1821

Samuel Morse invented the telegraph.

1835

Congress constructed a telegraph line.

1844

The line stretched from Washington all the way to Baltimore.

Joseph Swan invented the electric incandescent light bulb.

1876

The Pearl Street Station was opened.

September 4, 1882

Thomas Edison opened the station, which was one of the first electricity‐generating plants.

The FTC launched an investigation on large utility holding companies.

1929

Continuing through the stock market crash of 1929 (which destroyed holding company value), the establishment of the Securities and Exchange Commission (SEC), and into Franklin Roosevelt’s presidential campaign.

Congress reorganized the FPC as the Federal Energy Regulatory Commission.

1977

It increased the breadth of its powers, and soon thereafter passed the Public Utilities Regulatory Policies Act.

The Energy Policy Act was passed.

1992

It helped promote significant growth in gas‐fired, electricity‐generating capacity and marked the beginning of competition in the electric power industry.