We have plenty of power at inflated prices. Basically, Davis' theory is: spending as much money as necessary to prevent blackouts. When we don't need the power, sell it back (at pennies on the dollar). Just no blackouts!
We have spents BILLIONS of dollars on power purchases, locked California into $43 billion in long-term, over-priced energy contracts, and basically indebted our children with this gross mismanagement.
Davis thinks that Enron and Arthur Andersen executives should be in prison for allegedly manipulating the power market. What DAVIS did to us is far worse than anything those companies did!
Dump Davis!