The concept of "universal access" is generating lots of excitement among potential users of the electronic information highway. However, using telephone lines, computers and broadcast airwaves creates a new series of questions regarding regulation and public policy, according to Thomas Hazlett, director of the telecommunications policy program at UC Davis. "No one really understands the economics of this issue in total," says Hazlett. "Regulating the electronic superhighway could become a nightmare." Hazlett hopes that increased competition will offer a huge benefit to consumers and to American business because it will drive down prices and speed new services. He will be speaking on this issue at 7:30 a.m. on Tuesday, May 24, at the Sacramento Club in downtown Sacramento.