Excuse me, but have you even read the article you included? It predicted nothing that happened. It predicted that electricity prices would collapse, but CA residents wouldn't see that benefit. It predicted:
"widespread installation of smaller, more efficient generation, close to heat loads, will come to predominate and will collapse the value of much of today's generation -- and transmission -- assets."
ALso:
"nothing less than a naked transfer of wealth from Californians to electricity companies"
Wrong again. The theft of wealth has been to the power generators, not the PG&Es.
Didn't happen. In fact, the opposite. Today's power generating assets are at a premium.
It predicted:
"as long as markets are theoretically contestable, monopolists invariably price as if competition were a present reality (that is the reason, incidentally, that Wal-Mart doesn't jack up prices once its competitors are neutralized; it doesn't want to tempt others into the market)."
Quite the opposite. Remember, building a store to compete with (a theoretically price-raising) WalMart is not the same as building a power plant; the time and capital are several orders of magnitude greater.
In fact, there is little in that article that turned out the way they predicted.
BTW: I know CA does not set natural gas prices; the manipulative suppliers do. Does this explain why I pay 3x for natural gas than my friends on the east coast, for example? Even though they use more than us here in CA?
Face it. Manipulation that stinks. You deny because it hasn't happened to you - yet. Wait till your power bill is $700 a month, like mine. Then, we'll commissurate together... |
