Monday, January 17, 2011

The American Spectator : AmSpecBlog : Utilities Lobbying to Raise Your Energy Bills

It's no secret that when you rob Peter to pay Paul, Paul is enthusiastically supportive. Sometimes the whole idea was Paul's to begin with. Like with carbon dioxide cap-and-trade, cooked up by Enron and BP in the mid-'90s, joined by entities like utility Niagara Mohawk Power (I was in the room), and now run with by all manner of rent-seekers including GE and Goldman Sachs and Al Gore but mostly driven by electric utilities. Including those like Duke Energy run by a fellow who took Ken Lay's philosophy with him when he moved on from his post as Enron executive vice president."

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