PPL: Rate Cap Extensions Will Harm Reliability, Customers
U.S. Newswire, February, 2008
To: POLITICAL EDITORS
Contact: Dan McCarthy of PPL Corporation, 1-610-774-5758, Fax: 1-610-774-5281
ALLENTOWN, Pa., Feb. 12 /PRNewswire-FirstCall/ -- A bill that was the subject of hearings Tuesday (2/12) in the Pennsylvania House of Representatives has the potential to undermine the reliability of the state's electricity delivery system, PPL Electric Utilities' top executive said.
"Passage of this bill, which would extend artificial price controls on electricity, would result in financial instability for Pennsylvania's electricity delivery companies, threatening reliability for customers," said David G. DeCampli, president of PPL Electric Utilities. "While this extension of price caps may be perceived as politically expedient, it simply will postpone...
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