Just ask a Californian about the partial deregulation of electricity in the 1990s leading to the crisis of 2000-2001. The crisis was possible because of partial deregulation legislation instituted in 1996 by the California Legislature (AB 1890) and Governor Pete Wilson. Enron took advantage of this deregulation and was involved in economic withholding and inflated price bidding in Californias spot markets. https://en.wikipedia.org/wiki/California_electricity_crisis
Posted on: Wed, 10 Sep 2014 16:50:22 +0000
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