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PUHCA Debate - Again

The SEC denies approval of the AEP/CSW merger. What will that mean for industry consolidation?

Fortnightly Magazine - July 2005

mystique surrounding the 70-year-old law. It should allow for:

1. Competitive electricity markets;

    2. Better flow of energy-more efficient use of limited energy resources;

      3. Lower consumer prices as a result of more efficient markets;

        4. Improved capital attraction and lower cost to consumers;

          5. Utilities as an investment vehicle for Social Security reform (returning utilities to the safe-haven status they traditionally enjoyed); and

            6. Enhanced national security.

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