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Fortnightly Magazine - October 1 1996
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EEI Annual Meeting 2024 - June 18-20

Chairman Miller's prediction that consumers and not producers will set future electricity prices is correct, assuming a competitive market. His observation (em that "states that move decisively to a competitive environment and that clear their decks of the debris of electricity companies' stranded costs as quickly as possible will be the winners" (em is equally correct. But estimates of stranded investments range from $20 to $500 billion. Who will pay to clear those "decks"? How will they pay without impeding competition, and without devastating financial impacts on utilities? These are difficult questions. It is easy to make assumptions but difficult to gather facts. Short-term decisions will affect customers, particularly those that lack competitive options.

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