Law360 (January 13, 2009, 12:00 AM EST) -- Although presently forced to navigate the throes of a national recession while also having to overcome the resulting credit crisis and significantly diminished access to capital, the electric power industry still is expected to provide clean, efficient, reliable and cost-effective electricity.
The industry's problems are further compounded by increasing and often conflicting regulatory and political demands, as well as the near-universal recognition that the nation's current energy policy is dated and inadequate.
Amid these dark clouds, a new administration is taking the reins in Washington with expanded Democratic majorities in Congress, having campaigned with promises to enact significant and necessary long-term...
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