Nationwide Energy Deregulation Information

By Andrew Maykuth and Jeff Shields

Philadelphia Inquirer Staff Writers

Overcoming the objections of Peco Energy, City Council on Thursday created an Energy Authority to help city government navigate the impending deregulation of electrical markets.The 17-0 vote approved an authority whose responsibilities could include the development of power-purchasing blocs on behalf of city government.

The main effect will be to free Philadelphia from a City Charter prohibition on entering contracts longer than four years, said Councilman Darrell L. Clarke, the bill’s sponsor.

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