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
Rendell's comments are summarized in a news release obtained by
The Associated Press before he was scheduled to testify in
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.
Copyright © 2023 WPVI-TV. All Rights Reserved.