Submitted by Tom Zee, Jun 28, 2007 08:04

"there's a widespread consensus that more supply is needed, with private capital ready to invest as soon as the legal and regulatory barriers are lowered."

Do you have any facts to back that statement up - the private capital aspect of it? The last time I checked, there are 4,000 megawatts of generating capacity already approved in New York. The projects are past the legal and regulatory barriers you mention and just waiting for all that private capital to come along and build them. So where is the private capital? Maybe it dried up when Enron was exposed. Maybe the Independent Power Producers of New York don't actually want any more plants because more energy might bring down prices and cut into their profits. Maybe we should rethink our failed energy deregulation strategy.

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