The Nuclear Regulatory Commission has issued a final policy statement on its intended approach to nuclear plant licensees as the electric industry moves toward greater competition.
mechanism only. It does not address how the total amount of transition costs is estimated. It does, however, introduce market forces into the recovery of stranded costs. It places incentives on the incumbents to welcome new players and clear disincentives on erecting barriers to entry. It also serves to jump-start competition immediately during the transition period - a point that can only work to benefit customers.
Craig A. Glazer is chairman of the Public Utilities Commission of Ohio.
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