Peter Navarro, in Harvayd
Outthe .L&~s? Business Review (May-June 19821, Sub- scription Service Dept., P.O. Box 3000, woburn. Mass. 01888:
Since the late 19th century, regulated utility companies have helped foster American economic growth with abundant, relatively cheap elec- tricity. However, because the industry is starving for new capital, those happy days may soon be over.
Until the early 1970s, the low costs of capital and fuel allowed the industry to expand rapidly, holding down expenses...