Rising U.S. Power Bills Spark Political Heat

Two swallows do not a summer make. Well, okay, Aristotle didn’t put it that way, but we are betting that a lot of utility investors are hoping so. Here’s what happened on the same day. Two news stories.  USA Network, the Gannet news service, reported that the N.Y. State legislature is not just looking at rising electricity rates, but they are legislating. Eight bills passed by the Senate and on their way to the Assembly, calling for the designation of an additional Public Service Commission member as consumer advocate (weren’t…