Wired for Greed

Most Americans still do not understand electric utilities and many consumers have only a vague grasp of the intricacies of regulation and deregulation. This is a paradox of sorts; regulation in particular seems easy enough to grasp. The real difficulty lies in understanding how power companies have manipulated the regulators.</p><p>If you think utility deregulation has done away with electric utility monopolies think again! Deregulation is a myth-it's business as usual for the power companies.</p><p>For most of America utility deregulation has yet to become a reality. Even if it does electric companies will still swindle those they serve. Why? One reason: deregulation allows the utility giants to retain control of the transmission and distribution of electricity.</p><p>Utility cheating has gone unchecked for more than a century. Author Joe Seeber has caught the electric companies red-handed from fudged financials and courtroom trickery to meter manipulation and outright fraud. He paints a compelling portrait of an industry wired for greed-and argues that it's time someone pulled the plug.