Excerpt from the Executive Summary:
In this paper, we present a consumers-eye view of the current regulatory structure of the electric in- dustry, the experience of the past decade of restructuring, and the critical prob- lems facing the industry today. We also propose a series of guiding principles and policy options for protecting the in- terests of electricity consumers, and map out a long-term vision in which a shift to a more balanced mix of cleaner en- ergy options leads to long-term cost sav- ings for consumers.