Bush Wants Electricity Set at Market Rates

[Contrary1]

Amazing...does this man ever think of anybody but big business and himself? Perhaps that was the idea behind the "tax cuts" all along. From the public sector straight to his good buddies' pockets.

"WASHINGTON -- The Bush administration called Monday for a major change in the way federal power suppliers charge their customers -- basing rates on market prices at the time rather than the cost of producing the electricity.

Western lawmakers from both parties vowed to block the proposal, which they said could raise electric power rates in the Pacific Northwest by as much as 20 percent..."

http://www.newsday.com/news/politics/wire/sns-ap-budget-power-agencies,0,1523921.story?coll=sns-ap-politics-headlines

[Skink]

1. In Texas that would mean rates would actually go down...

They quietly deregulated the electricity a few years back.

[opihimoimoi]

2. Shades of Enron and California

Bush is NOT for the PEOPLE...dats fer sure.....