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

1154 WordsOct 10, 20125 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…show more content…
The plant remained in operation until 1895, and a commemorative plaque from 1917 marks the location today. Edison was not alone in realizing both the practical and business applications of electricity. In 1880, Charles Francis Brush and his Brush Electric Light Company installed carbon arc lights along Broadway from 14th Street to 34th Street. Fed from a small generating station at 25th Street, the electric arc lights went into regular service on December 20, 1880. When the Brooklyn Bridge opened on May 24, 1883, it was lighted by seventy arc lamps operated by another competitor, the United States Illuminating Company. By 1886, some 1,500 arc lights had been installed in Manhattan. In 1887, H.H. Westinghouse (a younger brother of George Westinghouse) and his associates incorporated the Safety Electric Light and Power Company (later called the United Electric Light and Power Company) to generate and distribute alternating current power in New York. Other electric companies were created to serve nearby areas outside of Manhattan. Across the East River, the Edison Electric Illuminating Company of Brooklyn was incorporated in 1887 and was soon competing with Kings County Electric Light. By 1900, there were more than 30 companies generating and distributing electricity throughout the boroughs of New York City and in Westchester County. In this essay I

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