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Non-Tech : The ENRON Scandal
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To: Mephisto who wrote (5077)12/3/2004 4:51:41 PM
From: Skywatcher  Read Replies (1) of 5185
 
Report urges turn back from electricity restructuring By Stephanie I. Cohen
WASHINGTON (CBS.MW) -- High-cost energy states have seen little price relief since electric utility restructuring was initiated in the 1990s and competition has had a negligible impact on prices, according to a report from the Cato Institute. The report also found that real-time pricing has yet to emerge. "We recommend total abandonment of restructuring and a more thoroughgoing embrace of markets than contemplated in current restructuring initiatives," the report said. "A second-best alternative would be for those states that have already embraced restructuring to return to an updated version of the old, vertically integrated, regulated status quo."
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