Albert Wagner writes:
On Fri, 27 Jun 2003 12:11:00 +0000 (UTC)
(Jonathan Kamens) wrote:
Be careful about generalized statements like this; this
particular one is not universally true. In Massachusetts, for
example, both electricity and natural gas rates are regulated
by the government, in the sense that the utilities need to get
permission from the regulatory authorities before raising
rates, but the authorities rarely reject a rate increase when
it is legitimately due to increased fossil-fuel costs.

I think that regulation enters into the picture when the gas crosses
state lines.

Why do you say that? Most regulation of utility pricing is
at the state level, not the Federal level. State regulatory
authorities don't care whether the gas/electricity cross
state lines.