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Finally!

...an honest article on the latest media spin circus. Even the WSJ claimed that somehow "selling to the higest bidder" was dishonest. What a disappointment they are.

Gov. Gray Davis = Energy Crisis.. all that needs to be said.. Sick of the whole G. D. thing.

From all the news about Enron's price fixing and even the UC system suing Enron, one might forget that Enron provided good deals, too, to those who planned correctly or that deregulation could have saved money.
from the UCSD Guardian (school newspaper), April 1, 2002, regarding a new energy contract that replaces an expired Enron contract:

In 1998, the university [of California system] signed a direct energy contract with Enron that was extremely advantageous financially.
"It was a very, very low rate," [UC spokesperson Charles] McFadden said. "It was the average rate in 1996 minus 5 percent."
...
This [new] direct contract [which will cost more than the one with Enron did] is projected to save the university millions of dollars as compared to the university's contracts before deregulation.

Because the UC's used energy deregulation to negotiate their own moneysaving direct long-term energy contracts, the campuses did not suffer from any rolling blackouts.

I thought I read several months ago that Davis had canceled the construction of new power plants because they would no longer be needed with our long-term expensive contracts. However, Davis took credit for the new plants that opened during his term, even though those plants were approved and begun long before his term. The canceled plants doesn't seem to be mentioned in the news anymore, so I almost think I imagined it all.