‘Deregulation failed ‘Joe the Plumber”
Eric Epstein on PA’s disastrous energy deregulation:
PPL ratepayers now enjoy the “choice” of choosing between a 20 percent to 30 percent generation rate increase, and face a 5.3 percent distribution rate increase next year. These numbers are staggering and coincide with the deteriorating health of Pennsylvania’s shrinking middle class. The promise of deregulation leading to more jobs, lower taxes, and affordable prices has turned out to be a profitable illusion for a select few.
