Electric industry restructuring changes the regulations under which we provide electricity to you so that competition can be introduced into both the wholesale and retail supply markets.
Many factors drive the move to restructure the electric utility industry.
Regulated monopolies were intended to minimize duplicate facilities to ensure the least-cost reliable electricity service to all customers, including those who were difficult or costly to serve. With the facilities now in place and with improved technologies that have made it more efficient to provide service to these customers, some reasons for regulation no longer exist. The Energy Policy Act of 1992 permits companies to sell energy at wholesale to each other across state lines on a competitive basis. With wholesale competition paving the way, and with improved engineering and information technologies, retail customer choice now is feasible. Companies provide these services as one product at a single price.