SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The California Energy Crisis - Information & Forum
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Quincy who wrote (1495)10/9/2002 11:36:51 AM
From: DavesM  Read Replies (1) of 1715
 
Quincy,

I believe that in 1993, the Congress passed a bill requiring that the wholesale electric power markets be deregulated. The FERC was given the responsibility to insure that the law be carried out. California fashioned a deregulation bill (which passed without a dissenting vote in both Houses), the FERC accepted the plan, and the rest is history.

One reason for the allure of lower energy prices (promised by deregulation) was that CA had significantly higher electricity prices than most of its neighbors. Large commercial and industrial users of electricity, argued that they were operating at a significant disadvantage to competitors in neighboring states (with not only lower tax structures, but lower electricity prices).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News