The new energy bill repealed the Public Utilities Holding Company Act of 1935. Apparently, regulated utilities will now be able to merge like banks, and/or be bought up by unrelated corporations, and/or get involved in risky investments that they couldn't invest in before.
Tuesday, August 09, 2005
Cheney's secret energy deal
And I haven't even scratched the surface. I just don't even want to. Bob does it.
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