UNIDENTIFIED MALE: CNN viewer Joe Park of Ridgewood, New Jersey, asks</s>CNN: "What are the pros and cons of energy deregulation?"</s>LAWRENCE J. MAKOVICH, CAMBRIDGE ENERGY RESEARCH ASSOCIATES: The pros of deregulation are quite simply to unleash competitive forces to attack some of the inefficiencies we've built up over 50 to 70 years of regulation in the business. The production and distribution of power is quite a complicated technology. And so it's not quite as easy to set up a market in the power business as it is in many other industries. So I think that the cons of deregulation are you run a very important risk, and you can set these markets up incorrectly. And things can go wrong as they have in California, for example.
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