Uncover the intricate evolution of America’s regulatory state through the lens of the pivotal gas pipeline industry. This compelling economic history chronicles Panhandle Eastern Corporation from its entrepreneurial roots in an unregulated era to its transformation amid shifting energy policies and corporate reorganization. Explore the dynamic interplay between business innovation and governmental oversight that shaped the modern energy sector and the rise of American economic regulation. Essential reading for students of economic history, business policy, and professionals seeking to understand the historical development of infrastructure and regulation in the United States.