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Regulation greatly impacts how natural gas and electric utilities can operate, generate revenue, and earn profits. It also affects what other industry participants are allowed to do and where they are allowed to operate. Understanding the basics of energy regulation is essential for those seeking a solid understanding of the energy business. Energy Regulation Fundamentals provides a thorough overview of the basic concepts of energy regulation, who the energy regulators are, and who regulates what on state versus federal levels. This learning path also explains the ratemaking process and is appropriate for industry newcomers as well as those interested in learning details on the how regulation works.