yed by the United States, Canada, and other industrialized nations results in large part from readily accessible and relatively cheap energy" (Castillon, 1992, p. 307).
Cicchetti and Sepetys (1996) make clear that the impetus for a transition from cost-of-service regulation toward increased competition has come, strangely enough, from the regulators--the Federal Energy Regulatory Commission (FERC) and several state utility commissions. These authors leap, in their first paragraph, to point out that privatization is not the same thing as deregulation, particularly in the energy-supply business; and there is likely to be more rather than less regulation of a more competitive energy industry, at least for some time (Cicchetti and Sepetys, 1996). Perhaps the regulators are responding in a political way to broad, simmering fury--that folks do not feel better off than their parents, their standard of living is not improving or being maintained, and prices of energy--among other things--are not as read
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