One year into electric deregulation, the benefits promisedconsumers by the California legislature have failed to materialize,making monopoly utilities the primary winners in the state’sderegulation game, according to San Francisco-based TURN, TheUtility Reform Network.
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Anticipated Price Upticks Finally Materialize
It took a while longer than many traders had counted on, but thewidely expected recovery from last Thursday’s falling pricesfinally came to pass Wednesday. The upticks were broadly based butdiverse, ranging from 2-5 cents at many Gulf Coast and Midcontinentpoints to 10-15 cents in the California market.
July 9, 1998