[Ernest_at_the_Beach]

From the archives of the Bee.

Some of the links still work for others go to the original article!

[Ernest_at_the_Beach]

OK here it is!

I could not find where this had been posted before.

[Robert357]

Another historic bump, to share with newspaper reporters who think that the Cal Power Crisis is a "Republican/Enron" story.

Thank you

[d14truth]

"We really missed the boat not getting things done in the fall," Alpert said. "There was almost no way to get people, including the governor, to deal with this issue when you couldn't convince people how bad it was going to be."

Price controls tend to 'hide' the problems of the market, for a while. Had the regulators and the legislators 'allowed' the market to operate, we'd have seen the high prices a year earlier, and, in noting them, would have voted a whole lot differently in California in 2000. My guess is that the 'politicians in office' at the time felt that 'covering their butts' to be the greater priority.

[tubebender]

I could never understand,why didn't the ISO simply refuse to purchase power at those high prices and stick it to the middle men?