Unexpected price increases for natural gas during the past winter heating season have stimulated action by state regulators across the country. Most recently, North Carolina and New Mexico have...
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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