Markets do not spring into existence spontaneously. It takes government rules and enforcement to create the conditions for markets to work...
George Will, ABC Sunday Morning, July 7, 2002
What we've learned is that for electricity, market structure is critical. Regulators can't simply open the markets, adopt any old market design, ignore market structure, and declare "let 'er rip"...
FERC Commissioner Ray Massey
We want solid infrastructure, just and reasonable rates and balanced market rules so investors and competitors see some stability and opportunity in the bulk power business. These clear rules and vigilant oversight under a uniform system will replace the obsolete patchwork that we have today.
FERC Chairman Pat Wood—Scientech IssueAlert Aug. 5, 2002
