Not when you pay $68.00 per magawatt hour for power that is currently selling for $20 mwhr. Peace also hasn't looked at the price of natural gas lately ($3.50 per mcf).
California is not yet out of the woods on power crises. Pray for a mild summer.
More power blackouts 3 months before the election? I pray for hell on earth in California this summer.
I live in Alaska but I still have family down there...they just won't leave! Having paid taxes to the state for 28 years affords me an opportunity to bitch about it, IMHO. LOL!!
Has anyone noticed, though, that his handling of this revenue crisis and last year's power crisis are basically the same? He sits and waits while things get worse, and then tries to figure out a solution at the last possible second. Unfortunately economic problems get a lot worse if you handle them that way. His poor leadership of both of these issues - which we would have seen coming months before he did - should be noted carefully.
Now he has to face cutting the budget severely (by 16-odd percent!) right before election time. Good luck.
D
If you really want to stick it to Davis, buy a bunch of solar panels, make the State pay you back 50% of the cost and then sell the excess power to your local electric company for a third of what Davis is paying on his contracts.