Governor Schwarzenegger

Of Electricity Deregulation, Financial Meltdown, and Spilled Oil

As we contemplate the implications of the BP oil spill, California approaches another ominous milestone: the tenth anniversary of the series of electric power price shocks that came to be known as the California Energy Crisis of 2000-2001. Meanwhile, many try to unravel the economic crisis that walloped the U.S. and world economies so decisively …