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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