11. A bipartisan group of senators has introduced legislation that would require the regulatory commission federal agency to enact price caps for California and neighboring states. 12. A price cap in a competitive market is generally seen as a temporary means of addressing market design flaws or other problems. 13. A third Markey amendment to keep price caps on some cable companies has administration support. 14. Again and again he declared that a price cap would do nothing either to increase supply or to reduce demand. 15. Alex Goldberg, an attorney for power plant operator Williams Cos., told the board that lowering the price cap could create a less reliable electricity supply for consumers. 16. But a FERC-imposed price cap is the right way to go. 17. But even that price cap has since been dismantled by federal regulators. 18. But federal regulators failed to intervene until finally imposing price caps throughout the Western region last June after Wood, nominated by President Bush, took office. 19. But executives from companies that sell power to California, including the Enron Corp. and the Williams Companies, testified that price caps were harmful. 20. But price caps would have immediate benefits. |