"The fiscal recklessness shown by California’s politicians may be unsurpassed by any state in American history."-- CALIFORNIA'S BLACK-RUPTCY [IBD Editorial]
Sorry To burst your bubble, but had Davis "let electric rates rise" he would have been breaking the law as written into the phony REPUBLICAN "deregulation" law.
Quote from AB1890:
" (b) It is the intent of the Legislature to provide the legislative foundation for transforming the regulatory framework of California's electric industry in ways that meet the objectives stated in subdivision (a). It is the further intent of the Legislature that during a limited transition period ending March 31, 2002, to provide for all of the following:(1) Accelerated, equitable, nonbypassable recovery of transition costs associated with uneconomic utility investments and contractual obligations.
(2) An immediate rate reduction of no less than 10 percent for residential and small commercial ratepayers".....
As to the lack of power plants, California had a Republican Governor for 16 consecutive years prior to Davis....
Republican deregulation, Republican price controls are why the utilities are bankrupt...get it?
Of course I understand in narrow minds, any critisizm of Republicans and their ineptness, incompetence or outright fraud makes me a Davis lover or a democrat disruptor but nothing could be further from the truth nor will it change the facts.
as
Supply is to Demand
...
Call a left-wing squeegie a squeegie.
A patient came in presenting chest pains and a runny nose.
The patient died suddenly.
The doctor put the cause of death: runny nose.