Deregulated Juice: So Far, It's All Buzz And No Zap

There's hardly a jolt of competition in electric power

It was supposed to be the next Gold Rush. Just a year ago, investors and consultants predicted that deregulation of the $210 billion U.S. retail electricity market would usher in rip-roaring competition. Expecting hordes of newcomers into their business, utilities threw themselves into a merger frenzy.

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