Robert J. Michaels*
It is no secret that the stimulus bill contains both wasteful spending and economically destructive policies. However, one of the bill’s most alarming provisions is little known and difficult to understand: electricity revenue decoupling. Decoupling, another in a long line of anti-consumer energy policies, will force utility companies to raise electricity rates in [...]

Robert J. Michaels
I. Compounding the Inefficiencies of Regulation
Erroll Davis, the former CEO of Wisconsin Electric Power (now a unit of WE Energies) was a rare utility executive. As competitive power markets evolved in the 1990s his low-cost company was ready to move aggressively. And well it should, thought Davis. Almost all utilities enjoyed regulated terrritorial [...]