Government Policies Jeopardizing Reliability, Affordability of Energy

News
April 9, 2014
 
Government policies are jeopardizing the reliability and affordability of a service that is vital to the nation's economy, productivity and competitiveness, according to FirstEnergy President and CEO Anthony J. Alexander. 
 
Alexander spoke at yesterday's U.S. Chamber of Commerce, Institute for 21st Century Energy event in Washington, D.C. He said there are no easy choices, but he believes the nation can strike the right balance to ensure affordable, reliable and environmentally sound electric service, while also supporting economic expansion and keeping our country strong and secure.
 
"All of us have been challenged by the economy over the last few years.  And even though we’re seeing some signs of economic recovery, the electric utility industry continues to experience weak demand for electricity and soft market prices for power," Alexander said.
...
"The challenges we now face from government interference in the electric business are far more intrusive and disruptive, and I believe far more significant to our industry’s future, and to your future.  That’s because whether it impacts our traditional regulated business or our competitive operations, government policy is now aimed at stifling the growth and use of electricity – and picking winners and losers in the competitive marketplace," he said.
 
Read the full article at Transmission & Distribution World.