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With little excess generating capacity of its own Gas And Electric Bill was forced to buy electricity out of state from suppliers without long term contracts. Because Gas And Electric Bill had to buy additional electricity to meet demand some suppliers took advantage of this requirement and manipulated the market by creating artificial shortages and charged very high electrical rates. The Cheap Electricity refused to adjust the allowable electric rates. Unable to change rates and sell electricity to consumers for what it cost them on the open market Gas And Electric Bill started hemorrhaging cash.
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