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NY Dems Angling To Regulate Energy Again

Law360 (March 6, 2009, 12:00 AM EST) -- The New York State Assembly is mulling the reversal of a 1996 decision to deregulate New York's electricity market, touted at the time as a measure to lower prices and promote energy efficiency.

On Thursday, the New York State Assembly held a hearing to reconsider the decision to switch over to a wholesale electricity market structure administered through a nonprofit entity, the New York Independent System Operator.

Democrats including Assemblyman Kevin Cahill, chair of the Assembly Standing Committee on Energy, and Richard Brodsky, chair of the...
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