Powering Up in Pennsylvania
"Provider of last resort obligation." That eerie phrase sounds like something out of a funeral parlor brochure, but it actually refers to utilities' responsibility to deliver electricity to every last customer who demands it, no matter the cost to the power company. Known as the PLR obligation, it holds true even as deregulation is opening up the market to strong competition from many new rivals.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.