There is a chance that inadequate separation between generation and transmission may result in reduced investment, in order to preserve incumbent market power in generation. However, consideration of transmission price caps and coordinated generation investment support other analyses that conclude that vertical separation itself may be a culprit. © 2006 Elsevier Inc. All rights reserved.
Brennan, T. J. (2006). Alleged Transmission Inadequacy: Is Restructuring the Cure or the Cause? Electricity Journal, 19(4), 42–51. https://doi.org/10.1016/j.tej.2006.04.004