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Utilities challenge plan to deregulate power industry
A FirstEnergy attorney warned the Senate Ways and Means Committee that deregulation would force utilities to surrender stranded costs and risk constitutional takings. Proponents claim customer recovery is fair. PUCO estimates stranded investments at 7 to 13 billion dollars. The bills aim to lift rate-price controls and let customers choose suppliers, a move repeated in three years of attempts.
MENTIONED IN THIS ARTICLE
Mark Wallach
FirstEnergy Corp
Senate
Ways and Means Committee
Bruce Johnson
Public Utilities Commission of
Ohio
PUCO
Johnson
FirstEnergy
Wallach
United States
R-Columbus
New Hampshire
U.S. Supreme Court
David Hughes
Citizen Power Inc
Pennsylvania
Hughes