Tuesday, June 06, 2006

PPL's Rate Caps

Seeing the havoc that’s resulted from caps expiring on rates of other electric companies, PPL is taking steps to avoid the same fate when its cap runs out in December 2009.

It’s too early to predict what will happen when PPL’s cap expires, a change set in motion by the state’s deregulation of the electric industry 10 years ago.

But PPL... and the state Public Utility Commission, which oversees the industry, have no interest in letting history repeat itself.