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Abstract

Recent changes in the telecommunications industry and the emerging momentum for change in the regulation of the energy industry have provided a unique opportunity to reevaluate the regulatory models that have predominated in these fields. As these proposed changes are promulgated and begin to take effect and find practical form, crucial questions of implementation become the focus of the debate and the practice of regulatory law. Basic questions are ripe for consideration, such as: Will the regulators be State or Federal Agencies? What form should this regulatory power take? Will legislators and regulators focus on new players in the industry as targets for regulation? The Sixteenth Annual National Regulatory Conference, Regulating Change and Changing Regulation: Restructuring the Energy and Telecommunications Industries,[3] addressed many of these questions while also providing a technological analysis to explain the rising need for new regulatory approaches.

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