I found this:
Pa. Dems warn of electric bill ‘shock’ as rate caps end
Tuesday, July 01, 2008
By Tom Barnes, Pittsburgh Post-Gazette
HARRISBURG — Senate Democrats say something must be done to ease the “electric rate shock’’ that is coming to most parts of the state in 2010, when the current caps on rate increases expire.
“The jump in electric rates will be the equivalent of the biggest tax increase Pennsylvania has ever seen,’’ contended Sen. Vincent Fumo, D-Philadelphia, who was supported at a news conference today by Sens. Jim Ferlo of Highland Park, Sean Logan of Monroeville and Wayne Fontana of Brookline.
http://www.post-gazette.com/pg/08183/893977-100.stm?cmpid=latest.xml
The cost of energy is going up, whether the emperor likes it or not.
If the rate cap stayed in place then the utilities would lose money eventually.
Just wait until PA becomes a net importer of electricity, instead of an exporter. That's what Texas is facing in 2011-2013, and prices can get crazy high then.
If you are a business lock in a 4 or 5 year rate now, or at least when we start to cool off this fall.
If a home then get a two year rate ASAP.