It is everything in the electric utility business, where regulators essentially control company revenues and profit.

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Legislators and regulators have a long record of festooning electric bills with all manner of economic objectives, incentives, and social goals.

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In their quest to root out inefficiencies and to produce competitive markets, federal regulators sought in the 1990s to create open access to electric transmission lines, allowing any generator to send its power to prospective customers.

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