A study of the changing relationship between regulatory policy and the modern corporation.
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"...A well written history....Castaneda and Smith are skilled in providing brief sketches of Panhandle executives." Business History Review
"Gas Pipelines is a balanced and careful book that tells an important and thought-provoking story." Werner Troesken, The Journal of Economic History
"The history of Panhandle Eastern, clearly and sparsely delineated by Castaneda and Smith, provides exceptionally useful evidence of the dysfunctionality of federal energy regulation, largely reinforcing the earlier work of H.K. Vietor; provides a carefully researched case history of adaptation to changing regulatory and political environments; and together with earleir work, identifies Castaneda as the principal historian of a major industry." Roger M. Olien,The Journal of American History
"The authors' principle theme is the relationship between Panhandle's business strategy and the shifting regulatory environment in which it operated. They give a good account of the company side of the relationship. They conducted scores of interviews with present and past Panhandle employees and had unrestricted access to corporate archives. The result is a story both detailed and readable." Technology and Culture
Panhandle Eastern's history shows the relationship between regulatory policy and the modern corporation. Entrepreneurs competed in an unregulated industry that became increasingly regulated and profitable, until finally in an era of business reorganization and deregulation, regulators changed the structure of the industry.
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