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Title: The Fundamental Fleet Decision
Author: Philip m. Capron
Source: American Gas Association 1984
Year Published: 1984
Abstract: Right now, as has been true for the past several years, we find ourselves doing business in a period when sound decision-making does not come easily for anyone. And the fleet area is no exception. Looking back over the past 10 years, it is clear that we have come through a period of tremendous change. We have been through major oil crises, gas lines, and threats of rationing. We have dealt with double-digit inflation, and a prime rate in the 20s, followed by almost no inflation. We have witnessed disastrous levels of new-car sales and a massive shift to frontwheel drive technology. Truly, the events of the last ten years have radically altered the fleet landscape. Other events over those years have shaped the future of the utility industry: the end of the era of cheap power where each new power plant resulted in lower unit costs the era of nuclear power plants with their huge capital requirements and resulting regulatory and public relations problems expansion of utilities into unregulated industries via formation of holding companies.

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