Rendell may intervene in electric rate debate

PHILADELPHIA (AP) - September 9, 2008 Rendell is expected to tell a House committee Tuesday that an extension of the rate caps "will become the most sensible option" if lawmakers don't pass measures he proposed to shield more than 4 million electricity customers from spiking electric bills in 2010 and 2011.

Rendell's comments are summarized in a news release obtained by The Associated Press before he was scheduled to testify in Philadelphia.

The caps froze electric rates at 1990s levels. They were imposed on utilities as part of a deregulation designed to deliver lower bills in a competitive marketplace.

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