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This is actually good - rather than force unbundling they treat vertically integrated companies as regulated monopolies.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Wed Apr 22nd, 2009 at 05:01:16 PM EST
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Before even considering unbundling of transmission from generation they should look at the fiasco in California in the '90s, complete with Enron traders joking how they were going to screw those California "grannies."  Regulated monopolies are FAR better.  The real alternative would be an EU wide single transmission system owned and operated by the Union.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Apr 22nd, 2009 at 10:31:07 PM EST
[ Parent ]
Hmm-mmm, I have to look at the details to pass judgement. The silly liberalisation goal has not been abandoned yet, and the precise rules might still more benefit the quasi-monopolies than the regulatory intent.

Plus, there is always the potential problem that a newly created regulatory board will be staffed with people originating in the former monopolies, and just continue their policies while nominally independent.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Thu Apr 23rd, 2009 at 03:19:14 AM EST
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