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The Washington Utilities and Transportation Commission (UTC) has issued an interim policy statement in its ongoing inquiry into regulatory tools to encourage the development of new resources by regulated monopoly utilities. The UTC expressed uncertainty regarding the future of the industry and the role of state regulators, citing recent developments: 1) inquiries at the federal level on stranded investment and transmission access, 2) the expansion of supply options in the wholesale market and a market price below many of the new resource cost estimates made over the past few years, and 3) uncertainties regarding the structure and future role of the Bonneville Power Administration.
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