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Off Peak

Regulators face tough choices, but find a way to straddle the issue.
Fortnightly Magazine - March 1 2001

Pay Now? utilities would pass along the higher prices all at a clip, leveling the books, but throwing customers into severe rate shock.

or Pay Later? utilities would defer the charges over months or even a year, to keep bills stable for ratepayers, but at the risk that some customers would end up paying for gas they never bought in the first place.