PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Roger A. Babb who wrote (132638)	3/21/2001 11:45:46 AM
From: Gordon A. Langston	Read Replies (2) of 769667

CA has(had) a partially de-regulated system. The defects of the system were exposed when utilities found themselves unable to buy power through long term contracts, a very normal activity in other industries to avoid price spikes. This was not a regulated monopoly that had worked in the past nor an unregulated one like Penn. Now we are at the mercy of some less than ethical power generators but I do not blame them but the politicians that devised this idiotic fantasy. It is an artificial market of controlled price and uncontrolled demand coupled with regulations that inhibit new power plants. The chaos and threats of confiscation of generating plants sounds like creeping state socialism. I think the power generators are playing hardball to overcome the regulatory resistance in CA to building new plants and to eliminate the false market.

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