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The electric industry, with revenue of $250 billion per year, is undergoing a revolution. This last bastion of cost-based rate regulation is rapidly moving toward reliance on competitive forces. The Federal Energy Regulatory Commission is moving toward market pricing; many states are in the process of restructuring the industry to give customers more choice; and Congress is considering legislation to enhance wholesale competition and facilitate retail competition.
May 12, 2000 at 12:00 AM
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The original version of this story was published on Law.Com
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