The benefits of deregulating the electric power industry may be”deferred” — or may not be realized at all — if monopolyutilities are left unchecked to exercise market power in arestructured marketplace, according to an FTC staff report.
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Bears Win Small Victory, Hold Bulls at $2.58
Following two days of nearly unchecked buying last week, bullswere quick out of the chute again yesterday as they bid the Augustcontract higher in early trading. However, the same profit takingwhich capped gains Friday thwarted the buying again yesterday whenprices could not break above the $2.58 level. The August contractspent the rest of the session chopping sideways before eventuallyfinishing up 1.4 cents to $2.542.
July 27, 1999
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