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[LAAMN-ANN] Electricity Deregulation: The Costs

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  • Institute for Public Accuracy
    Institute for Public Accuracy 915 National Press Building, Washington, D.C. 20045 (202) 347-0020 * http://www.accuracy.org * ipa@accuracy.org
    Message 1 of 1 , Sep 4, 2000
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      Institute for Public Accuracy
      915 National Press Building, Washington, D.C. 20045
      (202) 347-0020 * http://www.accuracy.org * ipa@...
      ___________________________________________________________

      August 23, 2000

      Electricity Deregulation: The Costs

      HARVEY WASSERMAN, nonukeshw@...
      Author of the just-released book "The Last Energy War: The
      Battle Over Utility Deregulation" and senior advisor to the
      Nuclear Information and Resource Service, Wasserman said
      today: "Utility deregulation is a $200 billion scam that
      will gouge both the ratepayer and the environment for
      decades to come."

      CHARLIE HIGLEY, higley@..., http://www.citizen.org
      Energy research director for Public Citizen and author of
      the report "Money Harvest: Utility Holding Companies Are
      Threshing Ratepayers," Higley said today: "The public has
      the right to control the electric power industry -- reliable
      and affordable electricity is an absolute necessity in our
      modern society. Electricity deregulation, which is supported
      by both the Republican and Democratic parties, is taking the
      power system away from the people and handing it over to
      for-profit corporations. In his announcement today,
      President Clinton failed to mention that the high
      electricity prices gouging San Diegans, who have seen their
      electricity bills almost triple in the last several months,
      have been caused in part by for-profit suppliers holding
      power ransom until prices reached stratospheric levels. By
      continuing to promote the inherently doomed scheme of
      electricity deregulation, President Clinton would spread the
      deregulation disaster afflicting San Diego to the whole
      country."

      JAMIE COURT, jamie@..., http://www.consumerwatchdog.org
      Executive director of the Foundation for Taxpayer and
      Consumer Rights in California, Court said today: "Two years
      after we fought against California's deregulation law --
      once called a 'model for the nation' -- San Diegans were the
      first to experience the greed of the energy monopolies.
      Electric rates went up 240 percent in the first month of
      deregulation. California has proven that deregulation takes
      power from people and allows the electric companies to gouge
      prices. We warned that deregulation would be a disaster and
      sponsored a ballot measure in 1998, Prop. 9, to try to
      protect people from it. But the utility companies spent $40
      million and Prop. 9 was defeated. San Diego is the first
      area to be fully deregulated, and look what has happened.
      While offering some short-term relief, Clinton's statement
      today suggests that he wants national deregulation of the
      energy market."

      GARY GROESCH, all4energy@..., http://www.gnofn.org/~all4nrg
      Executive director of the Alliance for Affordable Energy in
      Louisiana, Groesch said today: "The big winners from
      electric deregulation are the utility companies and their
      industrial customers, who are able to negotiate lower rates,
      while residential and small commercial customers will
      definitely get higher rates in the short run, and possibly
      even in the long run. Deregulation has been pushed by groups
      like Citizens for A Sound Economy: an ostensible citizens
      group that is underwritten largely by Koch Industries, the
      largest privately held oil and gas corporation in the United
      States."


      For more information, contact at the Institute for Public
      Accuracy: Sam Husseini, (202) 347-0020

      -30-


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