21.   The rest of mother became independent Baby Bells, which remained regulated monopolies for local service in their areas.

22.   The result appears worse than the regulated monopoly service left behind.

23.   The vestiges of the local Bell telephone companies, meantime, remain financially sound while operating as regulated quasi monopolies within their regions.

24.   These subsidies are possible only in a regulated monopoly environment, because competitors can instantly undercut prices that are far above actual costs.

25.   They fear that scores of regulated monopolies will soon give way to a handful of unregulated monopolies.

26.   They will then become regulated monopolies in the business of distributing electricity to customers through their existing equipment.

27.   They were regulated monopolies allowed to pass costs on to their customers.

28.   This marks a change from the days when utilities operated as strictly regulated monopolies with captive customers.

29.   Under a regulated monopoly, telephone service is easy to get, cheap, and there are no complicated choices to make.

30.   Unlike traditional utilities, which are regulated monopolies with a limited service area, independent power producers can build plants and sell electricity anywhere.