Energy is that stuff used to drive commerce. It is costly here in Connecticut, so we are told by suddenly cost conscious legislators. There are three ways to bring down the cost of energy: 1) the supply may be increased; 2) the demand may be reduced; 3) the attorney general may put pressure on the relevant regulatory agency to disallow price increases. The second is insufficient; the third is disruptive and laughable. In 2000, it was thought deregulation would reduce the price of energy in Connecticut by expanding the number of suppliers offering energy to the state. To this end, a bill was produced facilitating deregulation. The two major energy producers in Connecticut, Connecticut Light & Power and United Illuminating, were asked how much the deregulation effort would cost. The cost was pegged at about $1.7 billion, and the legislature set about raising the funds to pay for deregulation. The General Assembly decided to pay the cost by issuing bonds, the bonds being securitized...
go home from us in peace. We seek not your counsel or your arms. Crouch down and lick the hand that feeds you;
may your chains set lightly upon you, and may posterity forget that ye were our countrymen!"
--Samuel Adams