House Republicans call for electricity price controls

HOUSTON, June 13, 2001 – In an apparent about face, several key Republican House members Tuesday called on federal regulators to institute full time price controls in California and the West.

June 13, 2001–Imposing price caps as the centerpiece of a federal response to the California power shortage would “make a bad situation worse and do nothing to fix the flaws that so desperately cry out for solution,” Cambridge Energy Research Associates (CERA) Senior Director for Electric Power Larry Makovich told the U.S. Senate Governmental Affairs Committee this morning.

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