ATLANTA - Georgia's deregulated natural gas market is destined to become a perennial work-in-progress for lawmakers because the system is ``inherently unstable.'' That's according to the head of Atlanta Gas Light's parent company. <br>
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Paula G. Rosput is chairman and chief executive of AGL Resources Incorporated, AGL's corporate parent. <br>
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She says in yesterday's edition of The Atlanta Journal-Constitution that the 1997 deregulation law is ``a stupid framework,'' and that legislators will be forced to revise it year after year. <br>
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The deregulated market has been roundly criticized by consumers, regulators and legislators because of high prices, widespread billing errors and poor customer service. <br>
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In the last Legislature, lawmakers instructed the Public Service Commission to select a regulated marketer to serve as provider for poor and credit-impaired consumers. <br>
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AGL was unsuccessful persuading legislators and Governor Roy Barnes to allow it to return as a regulated utility or to be designated as a regulated gas marketer. <br>
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After the 1997 law, 19 gas marketers opened for business in Georgia, but five years later there are only eight. Four of those control 94 percent of the market.