Advances in technology often make competition possible where it wasn’t before. And in the public utility realm, competition (or the potential for it) often opens the door for deregulation. The debate over when and how to deregulate and the implications of such deregulation are inevitably contentious. This article examines a recent example of how that debate has played out (so far) in one context, creating an empirical test bed for the impact of deregulation on investment and competition.
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