by KYW's Tony Romeo
Legislation to ease the impact of expiring caps on Pennsylvania electric utility rates will have to wait until next year.
The bad news is that utility customers are still staring at major increases when rate caps imposed as part of electricity deregulation in the 90s expire. The good news, says Erik Arneson, spokesman for the Majority Leader of the Republican-controlled Senate, is that there’s still time to act:
“Oh, it’s not time to press the panic button, no. But the fact that there’s more time to consider it isn’t the reason, I don’t believe, that it didn’t get done. We just weren’t able to hammer out an agreement. We’ll continue that process through the rest of this year, and hopefully, we’ll be ready early next year.”
But as it stands now, Wednesday was going to be the last session day of the year for the Senate.
With time running out, it also appears chances for passage of Governor Rendell’s health insurance initiative are waning. The chances are better for approval of a bill to tighten the law governing dog kennels (see previous stories).
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