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To: xcr600 who wrote (9014)	6/13/2001 12:49:31 PM
From: James Strauss	Read Replies (3) \| Respond to of 13094

Thanks xcr... Interesting timeline on the California power crisis... What I don't understand is how wrong the bipartisan effort was in their analysis... [[[ Summer 1999 San Diego Gas & Electric lifts consumer price caps. Having divested its generation plants earlier than expected, San Diego Gas & Electric becomes the first utility to lift the consumer price cap. Within a year, as wholesale power costs soar, consumers see their electricity bills triple.]]] I doubt that caps held electricity prices at 1/3 of the normal cost of electricity... If that's so, then California is getting what it deserves... If that is not so, then the power companies are guilty of price gouging,,, I wonder where the truth lies... Or are we just getting lies from both sides... There is a fair rate for kilowatts per hour paid across the country... Hopefully the Geniuses in government and industry can come up with a figure that represents fairnes until regular market forces kick in... Jim