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Deregulation of electricity generation in Pennsylvania--it's coming soon.

Publication: Mushroom News
Publication Date: 01-JUL-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Deregulation of electricity generation in Pennsylvania--it's coming soon.(energy alert!)

Article Excerpt
Deregulation of electricity generation in Pennsylvania was approved in the PA General Assembly in December 1996. The primary impetus for the legislation was to open the electricity industry to competition, thereby enabling Pennsylvania residents, institutions, businesses and industries to buy electricity at lower costs. Originally the deregulation was to be completed statewide by Jan. 1, 2001. There have been numerous delays in this arduous process. Now the anticipated deadline for completion throughout the state is Dec. 31, 2010 for all investor-owned utility companies. The rural electric cooperatives and municipal-operated utility companies are exempted from this legislation.

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Electricity rate caps (or price controls) were implemented by the PA Public Utility Commission (PUC) to ensure relative price stability during the potentially tumultuous years leading to the complete deregulation of electricity generation. The price of electricity has remained nearly constant...

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