‘Grand bargain’ or ‘Grand larceny’?

The ‘grand bargain’ some utilities are proposing—as well as most arguments for stranded cost compensation—ring utterly false. It is changing technology, consumersʹ desire for choice in essential services, and potential state actions that have utilities running scared, and nothing the feds have done has anything to do with this. The government should be most wary of claims for a federal bailout.