Bob Filner: “This is the irony of the situation and the answer to our critics when…”

On the recordMay 23, 2001

This is the irony of the situation and the answer to our critics when we say we need what is called cost-based rates, established by the Federal Government, to get these prices under control. Cost-based rates means the generator of electricity can get the cost of production plus a reasonable profit. That is what it was under regulation, and it worked for 100 years. We want to return to that. Interestingly enough, when there are no caps on the price, there is, as the gentleman has described, an incentive to withhold production.

Said by

Bob Filner

California

Source

govinfo.gov

Editor's note · Context

Discussing the need for cost-based rates in electricity pricing.

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Bob Filner: “This is the irony of the situation and the answer to our critics when we say we need what is called cost-based rates…”

Editor's note · Context