Once again, your analysis is great...if you want to blame the CA energy crisis on President Clinton! Who was President on Dec 8, 2000 when according to your article, "chief Terry Winter. On Dec. 8 of that year, Winter's stamina was exhausted. He wrote to the FERC asking for price caps to be lifted. Result: the price of a megawatt hour, which was $43.80 at the beginning of 2000, skyrocketed to $292.10 by the end of it.". IT WAS PRESIDENT CLINTON!!! From the beginning of 2000 (when electricity was $43.80/MWH) to December 31, 2000 (when electricity "skyrocketed" to $292.10) President Clinton was President. I can tell you, at that time, the Chairman of the FERC was a Democrat and 3 of the 4 voting members were Democrats, and ALL were appointees of President Clinton.
Further, I've got news for you: The price of electricity of often well above $292 for much of the SUMMER OF 2000.
TigerPaw, December 2000, comes before June 2001. |
