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To: patron_anejo_por_favor who wrote (47446)	12/14/2000 2:38:15 AM
From: Don Lloyd	Respond to of 436258

patron - townhall.com "...Adrian Moore, director of economic policy at Reason Public Policy Institute, puts it plainly: "The fact is, California embarked not on deregulation of the electricity market at all, but 'restructuring.' While the generation of electricity was partly deregulated, additional regulation and controls were placed on the rest of the system. The result is not a market, but a hash of semi-markets run by a government body ... so complex that no one fully understands what is happening." In fact, Moore notes, "California's electricity 'deregulation' law violated most basic principles of deregulation -- it discouraged entry into the market, it restricts expansion of capacity, and it sustains the old systems and rules that defy competition." ..." Regards, Don