"[EMAIL PROTECTED]" wrote: > I just read the news and saw an interesting piece on the yahoo site. > "Richardson said he would order investor-owned wholesalers to sell power to > California at a price he considered fair." Should Mr. Richardson be > determining price levels for California electric suppliers? Based on my informal analysis, such an action would help the politicians and the poor now, but would also defer the crisis to a later date. The postponed crisis would be even worse than the one this winter. Unless they want to subsidize CA power suppliers with increased taxes (yeah, that's popular!) the citizenry and pols will have to just suck it up. For a purely political standpoint, a good interim solution might be to provide additional utility subsidies or tax credits to the poor for this winter, and then see how the situation plays out. They're going to have new build power plants sooner or later, and it'll be interesting too see how high prices have to get before somebody relents. I bet they'll revert to regulation wholesale before the environmentalists break. Sourav Mandal ------------------------------------------------------------ Sourav K. Mandal [EMAIL PROTECTED] http://www.ikaran.com/Sourav.Mandal/ "In enforcing a truth we need severity rather than efflorescence of language. We must be simple, precise, terse." -- Edgar Allan Poe, "The Poetic Principle"
