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Pastimes : The California Energy Crisis - Information & Forum -- Ignore unavailable to you. Want to Upgrade?

To: Zeuspaul who wrote (1015)	10/30/2001 1:14:30 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 1715

Zeuspaul, Bravo! Nice post. I'd love to hear Bowers defense of Samuel Insull. After all, he was the most successful of that scoundrel generation who tried to screw the rest of us with their greedy views about private power. I do wonder what he might have to say. I know what we think of scumbuckets who'd corner a market and destroy a nation, just because there's a buck in it. But to hear Bowers defend raw capitalism as anything other than sheer greed and destructiveness would be interesting. The disingenuousness of his arguments would necessarily be of a monumental scale. In keeping with the ego of those who don't view the word "commonwealth" as worth a damn. -Ray

To: Zeuspaul who wrote (1015)	10/30/2001 2:38:19 AM
From: DavesM	Read Replies (1) \| Respond to of 1715

Zeuspaul, re: working system need fine tuning. The problem, as I understand it, is that deregulation of electric power markets are required by Federal Law. The law was passed in 1993 (I think). The FERC was then given the responsibility to see to it that wholesale power markets are deregulated. And each state is expected to eventually develop a plan and implement Electric Power Deregulation.

To: Zeuspaul who wrote (1015)	10/30/2001 2:52:43 AM
From: miraje	Read Replies (1) \| Respond to of 1715

More like the lack of rules and regulations...pure capitalism at its best. If you call forced divestiture of power generation and transmission facilities and mandated caps on retail prices pure capitalism, well then, Zeusie baby, I'm forced to come to the conclusion that you're a moron. The experiment exposed the pitfalls of a deregulated electric power market. Again, pure bullsh*t. You can call an apple an orange until you're blue in the face, but it ain't gonna change the facts one iota. The CA electricity utility market was not deregulated. Period and EOD.