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Regulators helped pull plug.(Between The Lines)

The New American

| September 22, 2003 | Hoar, William P. | COPYRIGHT 2003 American Opinion Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

ITEM: Writing in the New York Times for August 16th. Robert Kuttner claimed: "In the search fop" the source of Thursday's blackout, the underlying cause has been all but ignored: deregulation." Kuttner, co-editor of" The American Prospect, continued: "In principle, deregulation of the power industry was supposed to use the discipline of free markets to generate just the right amount of electricity at the right price. But electric power, it turns out, is not like ordinary, commodities."

BETWEEN THE LINES: Fans of central planning have been rather quick to blame deregulation for the blackout. Yet energy remains one of the most regulated areas in the U.S. economy, combining licensed monopolies and an ...

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