This document discusses the history and characteristics of alternating current (AC). It explains that AC electricity is generated by an AC electric generator and flows first in one direction and then the other, unlike direct current. Some key advantages of AC are that it can be transformed between voltages and controlled by various circuit components. The document also covers concepts such as reactance, impedance, and phase relationships in AC circuits. It describes how AC behaves differently than DC in capacitors and inductors due to the changing current.