March 25, 1998


Wednesday, March 25, 1998


Today Secretary Pena, National Economic Council Director Gene Sperling, and Council for Environmental Quality Director Katie McGinty introduce the Administration's Comprehensive Electricity Competition Plan that will save consumers $20 billion a year. The plan combines those economic savings with environmental benefits -- both saving the typical family of four over $230 per year and reducing greenhouse gas emissions.

The electricity sector is our nation's most capital intensive industry, holding assets with a book value in 1994 of close to $700 billion. Sales in 1996 were $212 billion. Economic forces are now forging a new era in electricity policy, where electricity prices will be determined primarily by the market rather than by regulation. Under this new system, often called "retail choice," consumers are allowed to choose their electricity supplier.

The Administration's Plan. The plan is built upon the principle that customers should be allowed to benefit from the ability to choose their own electricity supplier. It advances the legislative changes necessary to provide customer choice, enhance competition, and diversify generation sources. Key components of the plan include:

March 1998

March 25, 1998

March 26, 1998

March 13, 1998

March 30, 1998

March 2, 1998

March 16, 1998

March 31, 1998

March 17, 1998

March 18, 1998

March 3, 1998

March 19, 1998

March 4, 1998

March 20, 1998

March 9, 1998

March 23, 1998

March 10, 1998

March 24, 1998

March 11, 1998

March 12, 1998

President and First Lady | Vice President and Mrs. Gore
Record of Progress | The Briefing Room
Gateway to Government | Contacting the White House | White House for Kids
White House History | White House Tours | Help
Privacy Statement


Site Map

Graphic Version

T H E   W H I T E   H O U S E