Report details ‘cracks in the foundation’ of Pennsylvania electric deregulation

However, cracks in the foundation have begun to appear. Alternative suppliers are leaving the State in droves, wholesale prices are increasing, and the rate freeze, which has been cited as the major source for customer savings, seems to be on its way out. These and other recent trends seem to point to upcoming failure for Pennsylvania, according to Phillip Bryant in the latest edition of the Power Observer newsletter.

PEMBROKE, Mass., June 7, 2001 — “Massachusetts’ soaring electric rates appear to be headed even higher,” The Boston Globe reported last week in response to two utilities’ proposed 9 – 11% increase in the “standard offer” rate.

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