Re: Outsider viewpoint of CA power crisis

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#124

From: David Kaye
Date: Fri, 18 May 2001 06:08

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xenman wrote the quoted material below:

" 2.  The CA electrical power industry was NEVER deregulated.
" Calling a law "deregulation" and then artificially
" constraining prices, restricting supply, forcing
" divestiture of assets, and limit purchase contracts
" is laughable. 

Sure it was deregulated:  The power companies sat down and came up with
the way THEY wanted to deregulate the industry.  It was SoCalEd, PG&E, and
SDG&E who proposed the retail rate cap.  They offered to sell off their
generating facilities in-state in order to be freed from most PUC
regulations.  They struck the bargain and they brought it on themselves.


-- 
(C) 2001                             I never drink water. That's the stuff
David Kaye                                that rusts pipes. -- W.C. Fields

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From: David Kaye <dk@removethis.area.com>
Newsgroups: sdnet.general,ba.general,la.general
Subject: Re: Outsider viewpoint of CA power crisis
Date: 18 May 2001 06:08:05 GMT
Organization: Republic of San Francisco
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