Fabio,
The situation in CA is, as I understand it, as follows.
Wholesale electricity was sort of deregulated (more on the sort of
later) but price caps remain at the retail level. Currently, wholesale
electricity prices have soared and the two largest utilities PGE and
So.Cal Edison
Alex,
Here is a follow up question: why did California state regulators
forbid or discourage all the practices (extra plants, buying futures,etc)
that would help stabilize the power supply?
Fabio
Fabio,
It's difficult to build a power plant in CA for the same that gas
prices are higher here than anywhere else (special processing and
additives are required in CA fuel) and you can't bring in a car from
another state without it passing special CA tests, i.e. CA has long been
hostile to
