Naruc as Network: A Perspective on the U.S. Regulatory Policy Community

Abstract

While much has been written about network industries, somewhat less attention has been paid to the policy networks among regulators themselves. Networks serve the collective and individual interests of members through professional socialization, capacity development, and institutionalization. Regulatory networks are particularly valuable if they help address information asymmetry, an inherent strategic advantage of regulated firms. Given potential tradeoffs associated with networking, regulatory networks must be vigilant about protecting institutional integrity. The history and culture of U.S. regulation are inextricably tied to the National Association of Regulatory Utility Commissioners (NARUC). This paper presents an historical and cultural account of ‘NARUC as network’ and offers a perspective for thinking about regulatory policy networks generally.