Well, this should come as no surprise. First Energy's CEO doesn't want anyone or anything to stop Ohio from adopting a system where the so-called "free market" will set electric rates. Of course, in other states that have adopted such systems there have been huge increases in electric bills.
Because of that concern Governor Ted Strickland wants to adopt a new energy policy for Ohio. Strickland's policy would, according to the Cleveland Plain Dealer story on First Energy's opposition to Strickland's proposal, undo deregulation, encourage conservation, and mandate renewable energy. First Energy wants to be able to sell electric at the highest price the market will bear.
Although First Energy's CEO is mouthing platitudes about competition lowering electric prices, the PD article notes that for the last two years FE has said that when deregulation arrives rates would go up. The simple fact is that we can't count on First Energy to protect Ohio consumers from sharp price hikes for electricity.
You can link to the PD article by clicking on this entry's title.
Thursday, October 04, 2007
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