As electricity prices in Connecticut have risen sharply, many elected officials, particularly state legislators and Attorney General Richard Blumenthal, have declared that the state’s experiment with deregulation is a failure and a disaster. They say Connecticut should go back to the old system of rate regulation, under which electric utility companies both generated and delivered electricity.
If deregulation has been a failure and a disaster, it is, of course, only the General Assembly’s own mistake, and perhaps the legislature’s most calculated one in history. Indeed, legislators’ complaints about deregulation are almost laughable. For the legislature enacted deregulation upon its emphatic determination that Connecticut’s system of regulation – the system to which so many now would return – itself had failed.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
