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THE OTHER SIDE: Equal opportunity stupidity (Part Three)

Well, if winning Most Stupid was easy, everyone would have a trophy.

FERC investigating New England’s excessive electricity rates

When a settlement is reached, New England ratepayers are expected to get rebates for the unfair transmission rates paid.  

Rising electricity rates explained: Tactic for natural gas pipeline

Pulitzer Prize-winning investigative journalist David Cay Johnston wrote a prescient story last May about how electricity prices might soar if Wall Street succeeds in its attempts to manipulate power supply. New England will be a “test-case” for “Enron-style price-gouging,” which is “making a comeback. Under the rules of the electricity markets, the best way to earn huge profits is by reducing the supply of power.”
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