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Voice of Electricity Workers DEREGULATION CAUSES ENERGY CRISIS- By Fred Gaboury Chicago- Lucinda Ware, an 84-year-old woman living on Chicago’s Southside, has an income of just over $700 a month. Early last month she got a $440 bill from People’s Gas for the month of December. Richard Terry even going so far as refusing to attend a special meeting called by the council to investigate gas prices. Carl Rosen, President of United Electrical Workers (UE) District 11, told the People’s Weekly World that deregulation of the price of natural gas and lax enforcement of the regulations that are still on the books by the Federal Trade Commission (FTC) and the Illinois Commerce Commission are responsible for the high price of natural gas. “In general, the members of these commissions are the same ‘free market’ types who told us deregulation would create competition. It hasn’t and it won’t.” Enforcement has become weaker over the years with the Securities and Exchange Commission approving more than 120 mergers of electric and gas utilities since 1978. Most analysts believe that within a few years a handful of huge conglomerates will control production of the nation’s electrical and natural gas needs. Courtesy: People’s Weekly World |
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