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Magazine Article
Enron's battle with PECO
1998
Overview
For all the attention focused on new laws and regulations designed to create competition in electric power markets, too few people seem to grasp how a market can work. That will change, however, now that Pennsylvania is the first large state to embrace market pricing. Pennsylvania's lawmakers and three of its five utility commissioners have developed a market to deliver the benefits of competition to consumers. Rather than guarantee politically attractive rate reductions, the Pennsylvania Public Utility Commission, led by Commissioner John Hanger, has challenged market focus to deliver more savings than contemplated in any supposed guarantee. The PUC's decision in the PECO Energy restructuring case provides a guidepost for utility commissions around the nation for dealing with electric restructuring.
Publisher
Public Utilities Reports, Incorporated
Subject
