Paging George Patterson...

"Matt Barrow" wrote in message
...

"Jay Honeck" wrote in message
news:r3d3e.5693$kT5.4338@attbi_s21...
Maybe next we can examine how energy deregulation led to nearly free
electricty in California.

When did they deregulate energy in California?

Everything I've read indicates that they never even came close to
deregulation.

Some analysts at CATO Institute and Reason Foundation independently and
pretty accurately predicted what eventually happened in California before
the ink was dry on the governors signature.

http://www.cato.org/research/article...or-010119.html
January 19, 2001

Prediction: California Power Deregulation Will be a Fiasco
-------------------------------------
http://www.cato.org/dailys/8-21-98.html
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http://www.cato.org/dailys/2-06-97.html
February 6, 1997
High-Voltage Swindle: Why Electricity Restructuring Could Electrocute
Ratepayers
Read the article listed in the original to see how the FCC destroyed the
Telecom industry and over $1 TRILLION in investment.




I'm sure that this is all true but the power companies were all for it and
it was less regulated than before. The airlines all clamored for
deregulation in the 70s....be careful what you wish for...

Mike
MU-2