Open-Access Chronicles: The Backstory Behind Electric Restructuring
Part 3: When Competition Turns to War
By September 1997, Philadelphia Electric Co. had outflanked key opponents and filed a proposed partial settlement with the Penn. PUC to allow the company to recover costs that might become stranded under a new law (enacted a year before) that had brought a measure of competition to the state’s electric utility industry. Then Enron went to work.