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

To: Kevin Rose who wrote (238602)	3/16/2002 2:51:50 PM
From: Dan B.	Read Replies (1) \| Respond to of 769670

Yes, there is a form that would work. Degrees or not, in fact many things are essentially totally un-regulated, and nothing prevents other regulated things from becoming essentially de-regulated. REAL de-regulation would be the form that would work, as you allow may be possible. This is the form based in free market economics, something California didn't try. Your mess, therefore, may not be said to be caused by free market economics. Dan B

To: Kevin Rose who wrote (238602)	3/16/2002 3:06:31 PM
From: DavesM	Respond to of 769670

You are correct, that under regulation, energy prices were stable. That is the point of State regulation. Unfortunately, in 1993 the Congress passed a bill requiring that electric power markets be open to competition. I believe that your statement, that power prices in CA were low compared to the rest of the nation (before CA deregulation) is incorrect. My understanding is that California Electricity prices were higher (considerably) than any of CA's western neighbors (before deregulation). It was the "promise" of lower rates are what allowed the legislation to pass without a single dissenting vote.