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Can governments cure ailing energy markets? National market problems are different than local service.
Credit downgrades, falling share prices, and a growing liquidity crisis. The nation's electric companies won't be looking back on 2002 with fondness. Neither will the public. In last November's elections, the public reacted to the industry's woes with "muni" referendums in a number of states and localities. These asked voters whether or not the local government should take over the electrical transmission and distribution system within its boundaries and become the power supplier.
However, three steps must take place on a national level before any power provider can meet the public demand for affordable, reliable power-local government takeovers of utilities ...
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