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.

Non-Tech : The Enron Scandal - Unmoderated -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (95)	1/14/2002 10:21:54 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 3602

The retail prices were locked long before the problems surfaced. If the retail energy prices did not have an artificial limit (gov't regulation), there would have been a feedback mechanism through supply and demand that would have mitigated the drastic nature of the "shortage". The situation was further exacerbated by the Air Quality Management Board making it impossible to build new plants or bring old plants online to meet growing demand. The California energy problem has its roots in California. The stars of the show were the State of California, PG&E and Edison (they are all bad guys in my book). ENE was a bit player making scale.