I came across this story in the Baltimore Sun today and got to thinking about the whole issue of energy deregulation. Customers of Baltimore Gas and Electric Co. saw their rates increase by 50%. Many believe the reason for this to be energy deregulation. The rules require utilities to buy their power from wholesale suppliers. But when these markets operate in total secrecy without any oversight whatsoever, the temptation to skim a few bucks always proves to be too irresistible.
Remember Enron?
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