California Focus: Western grid proposal threatens an Enron-like crisis ...Middle East

Almost everyone who lived through California’s 2000-2001 energy crisis remembers rolling brownouts and blackouts, plus thefts in the billions of dollars from California consumers by Texas companies like Enron and Reliant Energy, which purposely shut down power plants to create an electricity shortage and raise prices and profits. This was classic market manipulation, enabled by California’s 1998 electricity deregulation law, which encouraged regional movements of electricity across state lines. Now a new report commissioned by California’s Legislature – ever a sucker for multi-state regional schemes – amazingly claims a return to something similar would actually prevent blackouts in Californ

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