Congress and electricity

U.S. oil and gas producers should support an effort in Congress this month to pass legislation on deregulation of the retail electricity business. Now a state-by-state process, electricity restructuring needs a federal push.Oil and gas producers have much at stake. As users of electricity, they would benefit from the overall cost cuts promised by deregulation, if handled properly. They also will profit from the boost that electricity deregulation should give to demand for natural gas.Completing the taskCongress needs to complete what it started in 1978 when it passed the Public Utility Regulatory Policies Act (Purpa), which allowed generators other than utilities to enter the wholesale po...

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