[snopercod]

We can only hope that the Davis administration people who invested in energy stocks this summer lost a bunch of money.

[snopercod]

bump

[Tuco-bad]

First the federal governmnet deregulated the airline industry, and now we're spending $billions to bail the industry out.

Then the federal government deregulated the energy industry, and now it's costing taxpayers/investors $billions of dollars.

What's next to deregulate, the military?

One must admit there are certain areas where government control is best.

[Demidog]

And California, the first big state to deregulate its electricity market, has watched its experiment turn into a disaster

An absolute unmitigated lie. California has never deregulated the electricity market.

[lepton]

Kind of odd to apply the energy de-regulation argument to fraudulant financial book-keeping, just because a company that did so was in the energy business.

[Hamiltonian]

Virginia-based AES Corp., which has missed its recent earnings targets, has scaled back its expansion goals and is selling some of its foreign assets.

IMO AES is the next house of cards to go.

Deregulation?

We have CAA I and II..............
Title V...........................
MACT..............................
TRI's.............................

There's nothing deregulated about "deregulation".

The primary result of the last ten years' "deregulation" has been that the mandated transfers of generating assets have lined the pockets of those on the receiving ends of the required legal costs and commissions.

As for Enron, pimps in the energy business are as old as the energy business. Enron just took it to the next level, and along the way generated enough money to grease politicians of both stripes.