Schumer Gets Fired Up Over High NY Power Rates

Law360, New York (March 16, 2009, 12:00 AM EDT) -- U.S. Sen. Charles Schumer, D-N.Y., is calling for an investigation of the state's electricity rates, saying New Yorkers' power bills are 10 percent higher than they should be.

Schumer told the Associated Press over the weekend that the high electricity rates are caused by deregulation of the energy industry, pointing to a recent study by energy expert Robert McCullough that found that the price of power in New York was much higher than in other states.

“New York's energy auction system needs to come out of...
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