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Politics : Err America: They Report, They Decide
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To: Rock_nj who wrote (35)6/24/2004 2:14:04 AM
From: Jorj X Mckie  Read Replies (1) of 1513
 
The California energy crisis was facilitated by the Governor of California, Mr. Grey Davis. He was in bed with the retail energy providers in California and pushed laws through that made California a crippled deer in a field of predators.

The "deregulation" was only a partial deregulation where the retail providers had fixed prices that they could charge the end user, but the wholesale energy providers (Enron and the State itself are examples of wholesale providers) were able to charge based on the market. The retail providers were also restricted from hedging energy supplies which would have limited the price fluctuation.

And who was the worst price gouger on the wholesale side? The State of California...yup, Grey Davis....democrat was shafting his own people.
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