End the State Veto on Power Lines
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It’s one of the peculiarities of American regulatory history that a natural gas pipeline can cross state lines with a single federal permit, but oil and electricity must run a gauntlet of state approvals. When a power line crosses one state to reach another, for example, the intervening state often imposes exorbitant tolls or, worse, vetoes the project entirely. It’s the holdout problem played out among the states.
In a new paper, Liscow, Shapiro and Williams show that after Congress
In a new paper, Liscow, Shapiro and Williams show that after Congress
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