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2. Electricity Regulation. 1935 Federal Power Act1978 Public Utility Regulatory Policies Act of 1978 1992 Energy Policy Act of 19921996 FERC Orders 888 and 8892000-01 California Crisis2005 Energy Policy Act of 2005. 3. Why So Little Competition?. Pricing discrepanciesCapital intensive/High barriers to entryInelastic demandStorage and transmission constraints.

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