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Politics : Electoral College 2000 - Ahead of the Curve
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To: sandintoes who wrote (6343)12/15/2000 8:47:48 AM
From: Ilaine  Read Replies (1) of 6710
 
>>A spokesman for PG&E said the utility is charging customers 5.4 cents for a
kilowatt hour of service when the power actually costs PG&E up to 80 cents.
``That's a situation that can't last forever. All the costs at the ISO get passed
on to us,'' he said.

``Two things have got to happen. Retail prices need to go up...and we need a
rate stabilization plan to avoid a San Diego situation,'' he said, referring to the
doubling and in some cases tripling of electricity bills in San Diego since
prices there were ``unfrozen'' to reflect underlying market conditions.<<

dailynews.yahoo.com

When prices that have been frozen are unfrozen, they always go up. Price controls never work to the benefit of the supplier, always the consumer. But if the supplier is driven into bankruptcy, what then? Even if the state takes over the industry, the state still has to deal with the realities of the market.
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