Market Power Struggle

April 11, 2005

The year 2005 at the Federal Energy Regulatory Commission — the federal agency that oversees the wholesale electric and natural gas industries — will not be one when the agency issues bold new initiatives to restructure the power sector. Rather, this year will be characterized by a return to basics and a renewed focus on improving the status quo. Why the sudden conservatism? A little bit of history sets the stage.

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