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(NYT) ALBANY: GAS RATE REGULATION The New York State Public Service Commission formally took steps yesterday to regulate or reduce natural gas costs for customers supplied by Niagara Mohawk Power Corporation.
Litigation costs in rate regulation today constitute a heavy burden.
But rate regulation was anathema to the Chamber of Commerce, the insurance industry, and Republican legislators.
The law abolished a loophole allowing most home policy writers to skirt rate regulation.
Recent studies have shown that people suffering from depression have subtle problems with heart rate regulation.
This case is an illustration of the almost insuperable obstables to rate regulation today.
I believe it forecasts a day when the present long delays in rate regulation will be endless.
In exchange, it agrees to rate regulation that includes a guaranteed rate of return.
But utilities say uncertainty about rate regulation is making them wary of investing in new technologies.
The White House pointed to Oregon as a state where consumers benefited from strong rate regulation.
Recent Energy Department data shows that the cost of power in states that embraced competition has risen faster than in states that had retained traditional rate regulation.
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