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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: steve dietrich who wrote (443669)	8/15/2003 7:30:05 PM
From: Kevin Rose	Read Replies (1) \| Respond to of 769667

Yes, and that is the flaw. It assumes that the utilities have the best interests of the consumer and the market at heart. But, they have profits at heart. So, they will not build enough capacity to meet excess demand, because those power plants stand idle are normal and low demand times. They don't invest in the infrastructure, because deregulation makes them share that infrastructure, and cuts into their profit. There is no viable competition, so people can't get 'fed up' with their energy provider and take their business elsewhere. A rotten situation that in no way qualifies as an 'efficient market'.