Staying afloat during restructuring storms.

Abstract

By 1988 Jack Pfister could see the writing on the wall. His 80-year-old utility company, the Salt River Project (SRP), would no longer be sheltered from competition's chill wind. Its special status as a governmental entity was being challenged by emerging deregulation in the power industry. "Foreign" producers could now wheel their surplus power into his backyard at bargain rates.