"Have you stopped beating your wife, Senator?" :-)
That is the political equivalent to your question, "Is it a good thing that the Texas cabal sends thousands of otherwise viable businesses and households into bankruptcy for the sake of outsized profits? The answer is Yes or No.....Choose One. <smile>"
Sorry, my answer won't be yes or no, since I don't necessarily agree with your premise of a "Texas cabal" in existence, never mind it doing *all* the dirty work here, presumably snickering gleefully while they're doing it too....even the people interviewed in the PBS special you cited (which has great info, thanks) do not reduce the CA situation to such simplistic terms. The CA Attorney General and Deputy Governor who do use such hyperbole are running for office. Are you? :-)
Looks like SoCalEd is going to follow PG&E into bankruptcy now. Davis will have to do without their financial contributions now. :-/ I agree with you about their lousy management, and I also think the power generators exploited the system, but don't forget who set up that system - the CA state government. IMO they are at least as responsible for this fiasco, if not more, because they did not understand the implications of what they were doing and so when things started going wrong did not really understand how to fix it. As for going back to regulation and providing power at a fair price, the utilities, or MUDs, or whatever manages power distribution, would be better off building new power plants or buying back the old ones. You can't manage prices if you can't control costs. |
