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Pastimes : The California Energy Crisis - Information & Forum
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To: portage who wrote (516)6/14/2001 12:27:38 PM
From: DavesM   of 1715
 
Portage,

The gaming goes in both directions. The Governor was threatening to use emergency state power to just take power plants from the same people he was negotiating with for long term contracts. The AG was openly stating that he'd like to throw the Chairman of Enron in Jail to be raped (before an investigation is even done)-while the state is trying to get the best price it can for long term contracts. The Governor, and both Senators were pushing HARD for federal price caps while negotiating for contracts.

Please don't harp too much about the FERC and Governor Wilson. The majority of the FERC are still President Clinton's appointees - only ONE was in favor with price caps. I don't recall that the top elected Democrat official in the State was opposed to the deregulation plan (at the time) either. Of the plants that are set to go online this year, I bet all of them started the approval process TWO years ago (a year before the crisis). The responsible partys to this crisis
are just about every elected and appointed State Official (with responsiblity over power). There was just a case of Statewide stupidity in 96, and a refusal to face facts till 2001.

One thing about this crisis, it looks like its bringing the % rate difference between western states closer together : ) ...Sorry Ray, couldn't help myself.
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