Author Topic: Analysis of California Energy Crunch (Read 322 times)

Ripsnort · « **on:** February 02, 2001, 10:38:00 AM »

Besides poor planning by the heads of state in the area, and deregulation.....

[This message has been edited by Ripsnort (edited 02-02-2001).]

jihad · « **Reply #1 on:** February 02, 2001, 10:44:00 AM »

You reap what you sow......

Vermillion · « **Reply #2 on:** February 02, 2001, 12:11:00 PM »

That is probably more accurate than you can ever know

And this comes from someone who works in the environmental engineering field for the government each and every day.

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Vermillion
**MOL**, Men of Leisure

Ripsnort · « **Reply #3 on:** February 02, 2001, 12:15:00 PM »

The sad part is...Big business will not look to California for expansion...existing big businesses are looking at moving...consider the economy of California dead in 5 years or less if this trend continues. For those living there, move...while you still can.

bloom25 · « **Reply #4 on:** February 02, 2001, 12:39:00 PM »

Hehe, funny but amazingly accurate. The partial deregulation of electricity costs and then refusal to build any new power plants in CA has really come back to bite them. (Now in OR we are facing a similar crisis from selling all our power to CA. I think we should let them pay the price for their own short-sighted stupidity.)

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bloom25
THUNDERBIRDS

Fatty · « **Reply #5 on:** February 02, 2001, 04:08:00 PM »

Right, a combination of both.

On the partial deregulation, they allowed freemarket prices on purchasing power to sell to consumers, but the resale end is fixed price. Additionally they're prohibited from signing long term contracts with energy suppliers.

Citing this as a failure of deregulation, California is now looking at taking over utilities again. Interestingly, they plan to do this by 1) signing long term contracts with engery suppliers, and 2) raising consumer prices.