On Wed, Mar 07, 2007 at 01:25:09PM -0800, Paul Johnson wrote: > > California privatized their electric system and completely raped all it's > neighbor states with higher electric costs when they decided they weren't > going to pay for electric at all on the much higher privatized prices. > Californa did not privatize its electric system [0]: In summary, poorly structured deregulation which relied on active policing by the FERC led to situations where energy companies could manipulate the California energy market with near impunity and reap substantial profits at the expense of California energy consumers and the State. Most proponents of deregulation suggest that the major flaw of the deregulation scheme was that it was an incomplete deregulation -- that is, "middleman" utility distributors continued to be regulated and forced to charge fixed prices, and continued to have limited choice in terms of electricity providers. Other, less catastrophic energy deregulation schemes have generally deregulated utilities but kept the providers regulated, or deregulated both. Regards, -Roberto [0] http://en.wikipedia.org/wiki/California_electricity_crisis -- Roberto C. Sanchez http://people.connexer.com/~roberto http://www.connexer.com
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