Big corporations anxiously anticipated telephone deregulation to lower the cost of talking to clients in faraway places. Business flyers couldn't wait for airline deregulation to lower the cost of jetting to all those important meetings. Now, businesses that consume lots of energy can't wait for electric industry deregulation. But, just like the other industries where vacationers pay more than Citibank executives heading for Hong Kong and phoning your mom costs more than phoning clients for IBM, individual electric ratepayers will be on the hook to subsidize businesses that will benefit from upcoming electric deregulation.