Quote from jem:
Steve D - wrote:
CA Electric: Everyone, outside of CA, agrees that this was a self-inflicted wound that the CA regulators set-up....Enron, among others, merely took advantage of stupid legislators....
The legislature was not just stupid it was corrupted via money and bribes.
For instance, it was well documented in San Diego that an energy concern illegally paid off the people in charge of the deregulation.
Hilariously enough, for those of us that live in Cali, The whole electric fiasco was the catalyst that got the Governator in office.
Folks finally had enough of the stupid deregulation that the vote seekers put in place. PG&E couldn't charge more to develop more power plants OR buy electricity from other producers from out of state. They were basivally insolvent and unable to even buy power, so the state had to step in and sign contracts to buy power, and the various power producers said sure, we'll sell you power at this outrageous price.
Bye bye Gray.....
