The decision to limit mercury provides cover for utilities reluctant to spend on controlling NOx and SO2, while boosting other companies
Incentive Ratemaking in Illinois: The Transition to Competitive Markets
have been able to keep prices low through the system while others have not. This is a key fact in understanding why the current paradigm is flawed.
2. Brown, Einhorn and Vogelsang, "Toward Improved and Practical Incentive Regulation," Journal of Regulatory Economics, Vole 3, No. 4 (December 1991), pp. 323-338.
3. Re Illinois Bell Tel. Co., Nos. 92-0448, 93-0239, Oct. 11, 1994, 156 PUR4th 121 (Ill.C.C.).
4. Re Illinois Bell Tel. Co., No. 95-0182, June 21, 1995 (Ill.C.C.).
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