Julia wrote:

Um, would it have anything to do with the energy companies in question having "helped" write the "deregulation" legislation in CA? (Doug?)


Absolutely. They helped write the legeslation under then (Republican) Gov. Pete Wilson. They practiced gaming the system prior to the crisis (search Enron, Quick Silver), and then when a real crisis struck they were like a pack of wolves around an injured caribou.

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Doug
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