"The transmission systems are still regulated"

This quote by Kenneth Lay is referring to the transmission systems of energy, such as electricity and gas. It is likely that he is referring to the fact that these systems are still controlled by government firms, such as the Federal Energy Regulatory Commission (FERC). This implies that the government has control over the rates, accessibility, and quality of the energy that is sent through these systems. This regulation is essential to guarantee that the energy is safe and reputable, and that the costs are reasonable and sensible. It likewise assists to secure consumers from any prospective abuses of power by energy companies. By having actually these systems regulated, it assists to make sure that the energy market is operating in a fair and fair way.