Date: Tue, 19 Dec 2000 22:38:44 -0700 From: Brett Glass <brett@lariat.org> To: cjclark@alum.mit.edu, Jeremiah Gowdy <jgowdy@home.com> Cc: Jason <kib@mediaone.net>, Doug Young <dougy@bryden.apana.org.au>, ldmservices@charter.net, chat@FreeBSD.ORG Subject: Re: CA Power Shortage (was Re: Why do you support Yahoo!) Message-ID: <4.3.2.7.2.20001219223202.0467c4e0@localhost> In-Reply-To: <20001219212210.M96105@149.211.6.64.reflexcom.com> References: <001d01c06a2d$279654d0$aa240018@cx443070b> <002301c06a1d$a52783c0$19bad818@debbie> <002701c06a25$27e7c9d0$aa240018@cx443070b> <006a01c06a40$11ffc580$ad181f40@bignet.net> <06fc01c06a28$7d9c3840$847e03cb@apana.org.au> <00b401c06a45$4d279020$ad181f40@bignet.net> <001d01c06a2d$279654d0$aa240018@cx443070b>
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At 10:22 PM 12/19/2000, Crist J. Clark wrote: >That's really strange. A lot of the current shortage is due to the >fact that the power companies are legally not allowed to pass higher >costs to the consumers. That's not the full story. California power producers weighed the huge expense of building more power plants -- especially with California's environmental sentiments -- against the higher prices they would be allowed to reap if they didn't (due to deregulation and anticipated scarcity) and decided not to build. Now, with deregulation not yet complete, they have to take a loss on power they resell. Were deregulation complete, California customers would be gouged beyond belief, which would be even worse. This shows what happens when corporations have as much power over our lives -- if not more -- than governments. They effectively BECOME unelected governments, and their screwups affect public health and safety. --Brett To Unsubscribe: send mail to majordomo@FreeBSD.org with "unsubscribe freebsd-chat" in the body of the message
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