Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Ish who wrote (123020)	1/21/2001 7:11:45 PM
From: haqihana	Read Replies (1) \| Respond to of 769667

Ish, They can cap all they want, but if the power plants don't, at least, break even, they shut down, and then where are the Californians?? ~;=;o --haqi

To: Ish who wrote (123020)	1/22/2001 4:38:50 AM
From: portage	Respond to of 769667

Ish : <<I heard they capped the retail rate at 3.5 cents per kwh. That can be done in TVA land but not with plant generated power.>> This plan was the brainchild of industry, and the utilities bought into it. The legislation, approved by both parties and signed by Republican Governor Pete Wilson, was needless to say, flawed. latimes.com Some lawmakers--noting that large businesses sought deregulation--argue that any rate hikes that might be necessary should be paid by such large users. "Not one single residential customer, one single small business or any hospitals or schools came in here in 1995 and 1996 and demanded that we deregulate electricity in California," said Bowen. "If the large industrial users believe they are better off in the long run maintaining a deregulated market, they are very likely to have to pay the lion's share of the costs of the failures of this experiment."