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[quote]QUOTE: Originally posted by CSSHEGEWISCH Electric utilities are indeed regulated to varying degrees by the several states, but the last time I looked, they were a monopoly (not oligopoly or oligarchy) within their service areas. If I don't like the service provided by Commonwealth Edison, I can't go over to Wisconsin Electric or NIPSCO and ask them to provide electric service. [/quote] You've just hit the nail on the head. Electric utilities ARE natural monopolies, in that they totally control the product delivery within their service areas. That's why they are regulated. If they were unregulated, they could jack up their prices twofold, threefold, etc. and there would be nothing the consumers could do about it other than complain to the designated federal agency, and who knows if the designated federal agency would even bother to take their complaint seriously. Railroads are ALSO natural monopolies, in that they totally control the product delivery within their service areas. That's why they are regulated........oh wait, they're not regulated![}:)] Hmmmmm, anyone else see a slight discrepancy here?
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