Technology & Science
Apr. 25, 2001
Retail Price Controls Cause Escalating Electricity Costs
To hear California's politicians tell it, heartless power generators are the cause of the high price of West Coast electricity. Deregulation, the populists claim, allowed them to sell electricity at astronomical prices in an utterly dysfunctional wholesale market. The Federal Energy Regulatory Commission has joined the witch hunt.
To hear California's politicians tell it, heartless power generators are the cause of the high price of West Coast electricity. Deregulation, the populists claim, allowed them to sell electricity at astronomical prices in an utterly dysfunctional wholesale market. The Federal Energy Regulatory Commission has joined the witch hunt...
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