51.   He has called for price caps, and surprisingly, the Federal Energy Regulatory Commission granted them.

52.   He said the administration philosophically is opposed to the most obvious solutions, including price caps and lowering federal gas taxes, which fund highways and bridges.

53.   He flatly rejects the idea of price caps on electricity as hopelessly ineffective and contrary to market forces.

54.   He said new price caps would only discourage construction.

55.   He succeeds a Democrat, William Massey, who favored price caps.

56.   Hebert stressed that FERC beat no retreat on price caps and never would.

57.   If I had been at FERC, I would never had voted for short-term price caps.

58.   Imposing tough price caps, the most pressing concern for most California Democrats, is off the table, said people who have participated in the discussions.

59.   In addition, however, the commission will change the formula under which telephone companies are now allowed to adjust the price caps for inflation.

60.   In addition, Oftel will introduce a separate price cap on the wholesale prices BT charges other companies.