-------- Original Message --------
Subject: Electricity Deregulation: The Costs
Date: Wed, 23 Aug 2000 21:58:22 -0500 (CDT)
From: Institute for Public Accuracy <[EMAIL PROTECTED]>
Organization: ?
To: undisclosed-recipients:;

Institute for Public Accuracy
915 National Press Building, Washington, D.C. 20045
(202) 347-0020 * http://www.accuracy.org * [EMAIL PROTECTED]
___________________________________________________

         Wednesday, August 23, 2000

         Electricity Deregulation: The Costs

HARVEY WASSERMAN, [EMAIL PROTECTED]
Author of the just-released book "The Last Energy War: The Battle Over
Utility Deregulation" and senior advisor to the Nuclear Information and
Resource Service, Wasserman said today: "Utility deregulation is a $200
billion scam that will gouge both the ratepayer and the environment for
decades to come."

CHARLIE HIGLEY, [EMAIL PROTECTED], http://www.citizen.org
Energy research director for Public Citizen and author of the report "Money
Harvest: Utility Holding Companies Are Threshing Ratepayers," Higley said
today: "The public has the right to control the electric power industry --
reliable and affordable electricity is an absolute necessity in our modern
society. Electricity deregulation, which is supported by both the Republican
and Democratic parties, is taking the power system away from the people and
handing it over to for-profit corporations. In his announcement today,
President Clinton failed to mention that the high electricity prices gouging
San Diegans, who have seen their electricity bills almost triple in the last
several months, have been caused in part by for-profit suppliers holding
power ransom until prices reached stratospheric levels. By continuing to
promote the inherently doomed scheme of electricity deregulation, President
Clinton would spread the deregulation disaster afflicting San Diego to the
whole country."

JAMIE COURT, [EMAIL PROTECTED], http://www.consumerwatchdog.org
Executive director of the Foundation for Taxpayer and Consumer Rights in
California, Court said today: "Two years after we fought against California’s
deregulation law -- once called a 'model for the nation' -- San Diegans
were the first to experience the greed of the energy monopolies. Electric
rates went up 240 percent in the first month of deregulation. California has
proven that deregulation takes power from people and allows the electric
companies to gouge prices… We warned that deregulation would be a disaster
and sponsored a ballot measure in 1998, Prop. 9, to try to protect people
from it. But the utility companies spent $40 million and Prop. 9 was
defeated. San Diego is the first area to be fully deregulated, and look what
has happened… While offering some short-term relief, Clinton’s statement
today suggests that he wants national deregulation of the energy market."

GARY GROESCH, [EMAIL PROTECTED], http://www.gnofn.org/~all4nrg
Executive director of the Alliance for Affordable Energy in Louisiana,
Groesch said today: "The big winners from electric deregulation are the
utility companies and their industrial customers, who are able to negotiate
lower rates, while residential and small commercial customers will
definitely get higher rates in the short run, and possibly even in the long
run. Deregulation has been pushed by groups like Citizens for A Sound
Economy: an ostensible ‘citizens group’ that is underwritten largely by Koch
Industries, the largest privately held oil and gas corporation in the United
States."

For more information, contact at the Institute for Public Accuracy:
Sam Husseini, (202) 347-0020

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