with all the talk about the supposed benefits of competition in the electric power industry, I say let us have really fair electric competition. Many consumers now enjoy the benefits of a municipally owned electric system, such as low rates and high standards and open governance and direct corporate democracy. Private power marketers should have to be as democratic and open as public power. This means they should; First, comply with State and local open meeting laws; Second, provide for a publicly elected board of directors; Third, permit the public election of all chief executive officers; Fourth, hold public hearings on budgets; Fifth, require compliance with State and local government conflict of interest regulations; and Sixth, not deduct advertising expenses from their income taxes. Really competitive power marketers would put into practice the high democratic standards of public power.
Editor's note · Context
Advocating for democratic standards in the electric power industry during a speech.
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