I’m talking to Jim Bushnell, an Associate Professor at the University of California, Davis. I'm releasing a podcast series recorded back in 2013 that is still very relevant today as we explore market reform in New Zealand.

Last week, Jim explained what motivated him to write the lecture he gave in Wellington in 2013 - If Electricity Liberalisation is So Great, why does everybody hate it?

This week, he looks back at the US electric industry before liberalisation, what was wrong with it, and who pushed for change.