California Power Crisis/Mises Cycle

[fabio guillermo rojas]

Due to price caps, California utilities are unable to raise prices
in order to purchase more power on the open market. Two questions:

1) Is this an accurate depiction of the siuation in California?

2) The legislature and the governer have called for more regulation.
Is this a classic example of Mises' cycle? Ie, economic regulation ->
bad results -> more economic regulation. Has anyone systematically
studies Mises' analysis of economic regulation?

-fabio