SI
SI
discoversearch

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


To: Karen Lawrence who wrote (692402)7/17/2005 8:07:20 PM
From: DavesM  Respond to of 769670
 
Actually the man originally recognized as the author of the California Deregulation plan was Steve Peace (a Democrat). Mr. Peace was the Chairman of the committee that authored AB 1890. Further, the plan had to be accepted by the FERC, which in the mid 1990's were all Clinton Appointees. - A somewhat ironic sidenote, is that Mr. Peace was Governor Davis' last budget chief. But yes, Pete Wilson signed AB 1890 into law - the bill passed both Houses of the State Legislature without a single "Nay" vote.

BTW, I agree that Governor Davis was left holding the bag. The problem may have been that, neither the Clinton Administration nor Governor Davis wanted to Declare a State of Emergency (voiding the flawed Deregulation Plan) in the middle of a Presidential Election. He (Davis) repeatedly asking President Clinton (and the FERC) for relief as early as the June/July of 2000 - Davis even complained to Clinton about predatory out of State producers (during the Democratic Presidential Nomination Convention in Los Angeles). The FERC did set price caps of a sort (soft caps), but they were not effective, and Hard Caps were not set till shortly after Bush's first two FERC nominees were sworn in - even though the Bush Administration was originally on the record as being against Hard Caps.