After less than a year in his post, Pat Wood III has turned the Federal Energy Regulatory Commission into a Washington contradiction: a government agency that plans to deregulate the electricity market by regulating it even more.
Wood is the second chairman appointed by President George W. Bush to lead FERC. A Texan half a year shy of his 40th birthday, Wood is a lawyer, an Aggie fan, and one of the most activist and galvanizing chairmen the traditionally stolid agency has had in years.
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