Pete Domenici: “Let me assure the Senators from Wisconsin and Kansas that I appreciate their concerns, and I agree that utility…”

“Let me assure the Senators from Wisconsin and Kansas that I appreciate their concerns, and I agree that utility customers should not be forced to unfairly bear the costs of business ventures by unregulated companies affiliated with their local utility. Neither should competition be undermined by unfair competition caused by shifting costs from an unregulated utility-owned business to the public utility. We can agree to disagree on whether FERC needs new authority or simply needs to exercise its existing authority. I anticipate that FERC will use its existing and new authority to address the problems described by small businesses and financial groups, but I agree that if there are problem areas, we should take a look at them.”