Bipartisan Bill Favoring Electricity Price Caps Lacks Administration's Support.

From: Knight Ridder/Tribune Business News | Date: March 16, 2001 | Copyright information

By David Whitney, The Sacramento Bee, Calif. Knight Ridder/Tribune Business News

Mar. 16--WASHINGTON--A compromise bill to control skyrocketing electricity costs on the West Coast was unwrapped Thursday in the Senate, but within an hour Energy Secretary Spencer Abraham said the bipartisan bill won't get the support of the Bush administration.

The development underscores the resolve of the White House against any form of wholesale price controls on electric...

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