The result is the worst of both worlds. What is required is a rededication to introducing real competition into power markets. Access to transmission and customer choice should be a top priority. It must be swift and complete. The nation cannot afford to stand still on this issue.
Electricity is too important.
Regulation in the old style does not work and California demonstrates that heavily compromised restructuring does not work. What is needed now, more than ever, is an unwavering commitment to an open and competitive power market.