Feb. 17 — An effective ring-fence is one potential offset. It’s a form of insurance, said Geoffrey Gay, who represents cities in utility cases. It may not seem necessary, given NextEra’s current strength, but the PUC has to look ahead.
“You never need insurance until there’s a crisis,” Gay said
Is a policy analyst for TCAP, a coalition of cities and other political subdivisions that purchase electricity in the deregulated market for their own governmental use. Because high energy costs can impact municipal budgets and the ability to fund essential services, TCAP, as part of its mission, actively promotes affordable energy policies. High energy prices also place a burden on local businesses and home consumers.