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To: LLCF who wrote (101909)	5/13/2001 11:38:50 PM
From: flatsville	Read Replies (1) \| Respond to of 436258

>>>Hardly a surprise to anyone... like the RBOC's.<<< Oh, I think it's quite a surprise and new information to many on this thread. Again all the emphasis has been on generation or lack thereof and who's to blame for that...never on the other half of the equation. tippet made a brilliant observation here that I'm certain went largely unnoticed: It wasn't until 3 years ago -- with open access tariffs that prices rose to multiples like x100 the cost to produce and deliver. This was clearly the result of a regulatory shift and not simply free market rationing of supply. Such an increase in volatility (alone) is not proof of anti-competive behavior ... but I know that there are system constraints on the grids that would advantage some, were they bent on this. The shift to open access tariffs finally kicked in and the insufficient conditions for a competitive power market finally became glaringly apparent (as they will do damn near everywhere transmission issues don't get addressed as the first order of business.) Even farsighted states will suffer if their moronic neighboring states jump into the abyss without doing their homework first.