Weatherhead’s Jonathan Ernest weighs in on affect of Eldridge buying East Ohio Gas Co. on consumers

The utility for 1.2 million Ohio customers was just sold: Here’s how that will affect your bill (subscription required): Jonathan Ernest, assistant professor of economics at Weatherhead School of Management, weighed in on how consumers might be affected by Eldridge, a Canadian natural gas company, agreeing to buy the East Ohio Gas Co. Monopolies in the utility industry are different from monopolies in other industries, he explained, because consumers usually only have one option regardless.