Electricity deregulation will “shock” some central Pennsylvania businesses

From tax shortfalls to price spikes to power blackouts, electricity price deregulation has sometimes been more of problem than a solution, and states sitting on the fence are closely watching what happens with deregulation in Texas and Pennsylvania, which will complete their deregulation programs next year.

“Pennsylvania consumers have been paying billions in dollars for bad investments in nuclear power plants, because the utilities had been investing with rate payer’s money,” said Kleit.

“There will be some pain, but in the long run, the price of electricity would have gone up under either system due to a rise in worldwide demand, but I think this will be a better deal for consumers and companies, because restructuring will force Pennsylvania utilities to invest and operate more wisely, which will make the electricity industry in our state more efficient.”

[Read the full story from Pennsylvania Business Central by Brock Pronko]

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