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Free Market Shock.(energy crisis, electricity deregulation)
American Prospect, The, August, 2001 by GOOZNER, MERRILL
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California isn't a unique failure. Electricity and deregulation just don't mix.
THE CALIFORNIA ENERGY CRISIS ISN'T OVER: IT'S ONLY in remission, thanks to a massive statewide commitment to conservation, a mild summer, and the judicious retreat by energy conglomerates, from their extortionist pricing tactics. But the state's electricity consumers have been left with permanently higher utility bills, and the state's taxpayers have been slapped with a tab of nearly $10 billion to pay for the past year's price spike. Democratic Governor Gray Davis is demanding a rebate. We'll see ...
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