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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (4101)	6/17/2001 5:53:03 PM
From: Yorikke	Respond to of 33421

Yes that is a large part of the problem. But it is more of a political issue than an economic one. The taxpayers are getting nailed and not the rate payers. We have half a system from before the 'de-regulation' and half from after. The law as very badly written and implemented. The only rational judgement that can be made is that the power companies planned to go out of business; why else would they push a bill like the one that is making such a mess of the system? Businesses supported it because they were going to be granted reduced rates. What they never planned on was the other end of the snake: mandatory outages in return for the lower rates. It was supposed to be a simple rip off of the public, and now it has back fired.