1.   At the same time, it replaced the regulated system of single payments for claimants in financial difficulties.

2.   It would establish a two-tier system of trading futures and options, with an unregulated market for professionals and a regulated system for small investors.

3.   Lawmakers cast aside the tightly regulated system in which utilities built and operated power plants and had exclusive access to consumers.

4.   Not troubling customers with the fluctuations of price worked fairly well under the old regulated system.

5.   Rates of return on unregulated pipeline systems can be as much as double those of regulated systems.

6.   Under the old regulated system, by contrast, utilities were rewarded for reducing demand.

7.   Under the old regulated system, state officials and utilities projected growth in electricity demand and the number of new power plants needed.

8.   Wood said that the transition would not be painless, but that the regulated system already had its own problems.

9.   Employers and employees contribute equally to the federally regulated system, and patients get low-cost service in return.

10.   However, one must be cautious of jumping prematurely from a regulated banking system to free banking.