Plitically Correct Thoughts

Abstract

The electricity supply revolution marches ahead, preceded by a
vanguard of banners proclaiming a quartet of politically correct
thoughts designed to pacify all interest groups and entitlement hold-
ers. They proclaim:
No policies that will disadvantage any customer class-
Code for: no price increase to residential customers.
Honor all contracts and social commitments-Meaning : do
not abrogate high cost supply contracts or costly social and envi-
ronmental programs .
Assure recovery of prudently incurred stranded costs-
Translation : do not stick the utility's shareholders for losses on
investments made under old regulatory regime that lose value
with the onset of a competitive market .
Maintain system reliability at current levels-In reality :
don't let the lights go out when a host of new users tries to get
on a system that was not built to handle them