Sowing the seeds for California Crisis II?

Deck: 
Experts say that many of the new policies by the PUC and the state legislature seem to be putting the Golden State on track for more blackouts.
Fortnightly Magazine - May 1 2003
This full article is only accessible by current license holders. Please login to view the full content.
Don't have a license yet? Click here to sign up for Public Utilities Fortnightly, and gain access to the entire Fortnightly article database online.


Experts say that many of the new policies by the PUC and the state legislature seem to be putting the Golden State on track for more blackouts.

Although California's electricity crisis reached its worst point two years ago, utilities, consumers, and other market participants continue to fear a recurrence of the supply shortages and price spikes that added $40 billion to the cost of electricity over a horrific 13-month period.

Despite a host of emergency measures implemented in response to the crisis, no one believes that the underlying problems of energy infrastructure or faulty market designs have been completely corrected. Particularly, many Californians are concerned that regulators:

This full article is only accessible by current license holders. Please login to view the full content.
Don't have a license yet? Click here to sign up for Public Utilities Fortnightly, and gain access to the entire Fortnightly article database online.