Without property rights, politicians have control of the whole economy within their reach, to the economic detriment of all, quite aside from the injustices they can commit against individuals. The public's and the media's utter ignorance of economics has made this possible. But rising costs of the fuel needed to generate electricity have to be paid for by somebody. While utility companies that supply electricity to the public are heading into bankruptcy, the companies that supply electricity to the utilities have rising profit rates. There is nothing mysterious about this.
Shortages usually cause rising prices and rising profits.
These rising profits then attract the investments which end the shortage. This has been happening for centuries. Prices are not arbitrary things. They convey a reality that is not going to be changed by price controls, whether state or federal. Prices are like readings on a thermometer.