The deregulation of the electric utility industry has been billed as a boon for consumers, because competition is supposed to lower prices. But utility companies are using the opportunity to pass the cost of abandoned nuclear reactors to customers. Big business may save, but consumers will pay more and the environment may suffer.Â
Wallace Roberts
Wallace Roberts writes from Vermont about utility issues. This article was written with the assistance of a grant from the Fund for Investigative Journalism.
Posted inFeatures
The Dimming Down of America
Electricity became more valuable than gold this summer–or at least more valuable than finished aluminum ingots. At the beginning of June, 270 workers at Ormet Corporation aluminum plant in Hannibal, Ohio, were laid off for the summer when the company concluded that it was more profitable to sell the electric power normally used in its […]
