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Do the regulators have to get public approval for each new regulation they pass? Does that system actually align incentives so that the utility is motivated to

• jcranmer 7y ago
  If we're talking national or state-level regulatory agencies, there's a public review and commentary process where the public (usually affected companies and interested advocacy agencies, since relatively few individuals bother to notice) submit comments on proposed regulations. The agencies are required to acknowledge these comments, but this can sometimes be as little as "Comment noted, we've decided otherwise."
• dragonwriter 7y ago
  > Do the regulators have to get public approval for each new regulation they pass? No, and that would actually defeat undivided accountability for outcomes. > Does that system actually align incentives so that the utility is motivated to preempt problems like these? Do politicians like to be blamed for burning down the state with no one else to point to?