Competitive Era Fails to Shrink Electric Bills

[thinksmart]

Under the new system there have been some big winners — including Goldman Sachs and the Carlyle Group, the private equity firm — that figured out that there were huge profits to be made in one area of the new system.

http://www.nytimes.com/2006/10/15/business/15utility.html?pagewanted=2&_r=1

[BlueManDude]

1. what a shock!!! same thing with that cable bill they passed in the 90s

none of them really believe in the free market they prattle on about.

[aquart]

2. Gosh, privatization is a license to steal. Who'da thunk it?

Adding a middleman to the supply chain can NEVER reduce cost.

And anyone who pimped that idea was either asleep in economics class, an idiot, or a crook.