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Article: Members of the National Energy Marketers Association Assessing Fall-Out From Ontario Market Reversals; Concerns Expressed About Damage to Energy Markets, Economy and Consumers.
- Article from:
- Business Wire
- Article date:
- November 14, 2002
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Business Editors
WASHINGTON--(BUSINESS WIRE)--Nov. 14, 2002
"Ontario's reversal of its Retail Access Program, instituting price caps through 2006 at less than 3 U.S. cents per kilowatthour, and ordering refunds to all consumers could have serious long term consequence," said Craig Goodman, president of the National Energy Marketers Association (NEM).
"While the plan was apparently well-intentioned, our members are concerned that addressing short-term transitional issues with price controls and other structural changes could create a repeat of the California crisis and have serious long-term impacts on the Canadian economy and consumers," said ...