The problem in California was blamed on a lot of things, but the real cause
was that the state legislature set an upper limit on the retail price of
electricity that turned out in some cases to be lower than the cost of
Doug Miller (alphageek-at-milmac-dot-com)
On Tue, 26 Aug 2003 16:41:49 GMT, email@example.com (Doug Miller)
Yes, yes, Enron and it's ilk had absoltively nuuu-thing to do with it.
Perhaps you put your politics in a "safe" place for a bit, and maybe
read the rest of the story.
The problem in the NE hasn't been figured out yet as they're not sure
why it cascaded like it did, extending to NY and around the "loop"
(last I read). But, one major problem (aside for reason behind above)
is a lack of transmission lines (among a host of others). Seems no
one wants to pay for them cause they're not large revenue generators
Not that you care much for reality, but only _production_ has been
deregulated. Transmission is still heavily regulated, and PSCs have made it
difficult to recoup repair costs, let alone expansion. The problem was a
Though where could they expand? Try to get a right-of-way for energy
transmission (or production) of any kind through the endless regulation and
protests of people like Renata.
Where did I say anything about production?
I really think you oughta go join the team looking into this
situation. You're obviously way ahead of them in terms of problem
On Wed, 27 Aug 2003 13:19:30 GMT, "George"
Hah! That's essentially what premier Ernie Eves has done in Ontario. First
he deregulated Ontario hydro and then he's fixed the electricity rate at a
money losing level. His provincial government is subsidising it at an
unrealistically low level which has to eventually be passed onto the tax
payers. Give to the taxpayers in one form and take more out of their pocket
in another form; gullible lot the taxpayers are.
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