Re: California power crisis - technical or political?
- From: Jim Thompson <To-Email-Use-The-Envelope-Icon@xxxxxxxxxxxxxxx>
- Date: Mon, 04 Aug 2008 11:05:36 -0700
On Mon, 04 Aug 2008 17:29:22 GMT, qrk <SpamTrap@xxxxxxxx> wrote:
On Mon, 04 Aug 2008 16:19:29 GMT, James Arthur
<bogusabdsqy@xxxxxxxxxxx> wrote:
Bob Eld wrote:
"Atlas" <Atlas@xxxxxxxxx> wrote in message
news:e98c94lc7ekkprbihlc6j1rn568vicqkkt@xxxxxxxxxx
Hi everyone,
A colleague of mine was claiming that california's power crisis isn't
actually due to a lack of generating capacity, but is actually
political/economic in nature. Any thoughts? Thanks
In a word, DEREGULATION. Most of California's power woes can be traced to
the wave of deregulation that has swept American politics in the last 25
years.
But California never deregulated. The Enron debacle resulted from
greater, stricter, more intrusive regulation.
Cheers,
James Arthur
As I understand it, we, the Californicators, voted to "deregulate"
(allowed to trade power on the open market, but still had caps on what
they could sell it to the public for) the power industry back in the
mid 1990s. Prices skyrocketed in San Diego a few years later. During
the power crisis a few years back, there was ample generation
capacity, but the industry said that the units were off-line for
maintenance. Energy speculation, ala Enron and Reliant, was part of
the blame. Our fine governer Davis signed some pretty horrid long term
energy agreements.
So, how much of our petroleum price increases is due to excess
trading/speculation?
That's why we (Arizona) passed an initiative forbidding sale of
electricity outside the state for less than the in-state rate... sock
it to the Californicators.
Likewise we control the water in the Colorado River ;-)
...Jim Thompson
--
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