To: Zeuspaul who wrote (3655 ) 4/23/2001 9:11:52 AM From: Think4Yourself Read Replies (2) | Respond to of 23153 Regarding the FERC being at fault, I have some very strong counterarguments to most of your points but don't want to get into an argument over this. I will simply say this: If the FERC is at fault then why has everyone, and I do mean everyone, in California been saying there is NO shortage of electricity up until February of this year!!? The signs were crystal clear last summer, and there were strong hints the summer before. The idea that power producers could control the price of a commodity like electricity is IMHO ridiculous. There is no "cartel". It is easy to make and fairly easy to transport. Hundreds of companies make it, the US government makes it (BPA, TVA, etc), Canada makes it, Mexico makes it, even individuals can make it. The reason Californians are being charged so much more than everyone else is due mostly to the drought (they rely heavily on hydropower). They also haven't paid for past purchases, making them an extreme credit risk. Lastly they have shown a willingness to manipulate prices, making them even more of a credit risk when compared to the free market. From an objective standpoint it is clear the drought is largely responsible for the problems in California. Unfortunately the Californians need someone to blame for their woes, so nothing is getting done. THAT is what I am making fun of, the totally pointless and unproductive finger pointing going on in California. It's Bush's fault, It's the producer's fault, it's FERC's fault, etc, etc, etc. I don't see any of the other parties doing it. If I were a Californian I would be extremely embarrassed by the behavior of my elected leaders.