Public Power CEO to Testify at State Hearing

Calls on Federal Government to Investigate Broken System That "Benefits Only A Few But Hurts Everyone"

PHILADELPHIA, PA (09/08/2008)(readMedia)-- Pennsylvania State Representative Camille "Bud" George, majority chair of the House Environmental Resources and Energy Committee, will hold a public hearing regarding soaring electric rate hikes set to impact Pennsylvania residents. The hearing comes as PECO, Pennsylvania's largest utility, announced that it anticipates a 20 percent jump in electric generation charges when rate caps end on January 1, 2011. State officials project even greater rate increases for the other Pennsylvania utilities.

Governor Ed Rendell, Mark Crisson, CEO of the American Public Power Association (APPA) and others will call upon Congress to exercise its oversight responsibilities over the Federal Energy Regulatory Commission to examine the nation's broken wholesale power market. These markets have done little to fulfill their promise of lowering prices and increasing electrical system reliability.

WHO:

Pennsylvania Governor Ed Rendell

Mark Crisson, CEO of the American Public Power Association

Liz Robinson, Executive Director of the non-profit Energy Coordinating Agency

Curtis Jones, Jr., Philadelphia City Council member

Andrew Ott, Senior Vice Presidnet of Markets at PJM Interconnection 
WHAT:

Hearing on Electric Price Volatility and Preventing Soaring Rate Hikes
WHEN: Tuesday September 09, 2008 at 01:00PM Eastern Time (US & Canada)
WHERE: Philadelphia City Hall
Council Chambers
Broad and Market Streets
Phildelphia, Pennsylvania
NOTES:

The hearing is expected to last two hours, from 1:00pm - 3:00pm.  Interviews with Mark Crisson will be available throughout the hearing.