Red Emma’s

Until the 1930s, financial interests dominated electrical power in the United States. That changed with President Franklin D. Roosevelt’s New Deal which restructured the industry. The government expanded public ownership, famously through the Tennessee Valley Authority, and promoted a new kind of utility: the rural electric cooperative that brought light and power to millions in the countryside. Since then, public and cooperative utilities have persisted as an alternative to shareholder control. Democracy in Power traces the rise of publicly governed utilities in the twentieth-century electrification of America.

Sandeep Vaheesan shows that the path to accountability in America’s power sector was beset by bureaucratic challenges and fierce private resistance. Through a detailed and critical examination of this evolution, Vaheesan offers a blueprint for a publicly led and managed path to decarbonization. Democracy in Power is at once an essential history, a deeply relevant accounting of successes and failures, and a guide on how to avoid repeating past mistakes.

Sandeep Vaheesan is the legal director at the Open Markets Institute. He leads their legal research and advocacy, including the amicus program. He has written and spoken widely on antimonopoly law and policy and building a fair economy. Previously, he worked at the Consumer Financial Protection Bureau and American Antitrust Institute.

Patrick Bigger is the Research Director at the Climate & Community Institute (CCI). His research focuses domestically on Green Industrial Policy, and globally on fiscal justice and reparations for climate action.