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For the record, regulated utilities are doing just fine in the stock market. Secondly, what you have to remember is the positive effect a regulated rail infrastructure combined with a relatively unregulated rail transportation sector would have on the stock values of US rail shippers. With the fortunes of rail shippers tied to an OA concept, they would have more than enough incentive to keep that rail infrastructure value up, otherwise their's might falter. <br /> <br />Of course, this is all conjecture at this point. In keeping with the topic, what I am trying to point out is that the current spate of rail related legislation embodies certain elements of the OA concept. But taken en masse it would still not result in OA or an OA market reaction. For starters, it is difficult to enforce or procure "competition based rates" without actual intramodal competition, which the current legislation does not address. What they are trying to do in terms of dictating what a "proper" competitive rate would be sans real competition will only result in market disfunction. What I ask is that in terms of the rail shippers if all this legislation somehow was enacted into law, would it result in better conditions for rail shippers or worse? Will the railroads grudgingly accept more stringent enforcement of the Stagger's competition caveats in exchange for the infrastructure maintenance tax credit?
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