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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: flatsville who wrote (101858)5/13/2001 7:14:16 PM
From: Thomas M.  Read Replies (3) of 436258
 
I have no problem with a 100% regulated utility industry. However, it seems that the problems in California are entirely the fault of poor decisions made by government:

- Poor planning for future capacity needs.
- Poor understanding on the supply/demand outlook for natural gas
- Poor planning for future infrastructure (the grid) needs.
- A poorly designed privatization scheme (retail price caps with no relation to wholesale prices)

It seems that this industry is screaming for independence from the government. The comical decisions made by the government of late to address the crisis bolster that case.

Restructuring takes thought, monitoring and time so everyone benefits.

Everyone does not have to benefit. If the only result of deregulating is that industry benefits, then it should be done.

Tom
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