id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
work_euwgknzl5vfkffswhuyx55apmm	Tyson Slocum	Electric Utility Deregulation and the Myths of the Energy Crisis	2001	13	.pdf	application/pdf	6433	379	53	Prior to deregulation, electricity was supplied by regional monopolies that owned both the power plants and Federal Energy Regulatory Commission=s (FERC) authority to order utilities to allow independent power California=s utilities were initially skeptical of deregulation because of the high cost of power from their Deregulation provided incentives for California=s utilities to sell their power plants to unregulated companies. The deregulation legislation also transferred control over pricing of electricity generation to FERC. Most of the corporations that bought the California utilities= power plants were from out of state and Problems in California arose almost immediately once the state deregulated the wholesale market because electricity industry to leverage their market power to manipulate prices and supply. the 1935 Federal Power Act, states can regulate only the retail sale of electricity to end consumers (courts The fact that utilities in deregulated states routinely sold their power plants for two or three times their book	./cache/work_euwgknzl5vfkffswhuyx55apmm.pdf	./txt/work_euwgknzl5vfkffswhuyx55apmm.txt