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Posted: 5/31/2003 4:38:53 PM EDT
These guys are trying to try to put the genie back into the bottle. Good luck. I don't it is going to work like that. The electricity market is quite complicated. The dem's idea of passing a law, if doesn't work quite the way thought it going to, change the law so it would. Taxpayer is going to get screwed again. ============================================================================================= [url=http://cbs2.com/california/CA--Energy-Davis-kn/resources_news_html]Calif Governor says he favors ending deregulation[/url] Saturday May 31, 2003 SACRAMENTO (AP) Gov. Gray Davis favors reregulating California's electricity market and hopes to sign legislation to undo the state's failed experiment with energy deregulation, a newspaper reported Saturday. While deregulating the electricity market sounds good in theory, it didn't work in practice, Davis told the San Francisco Chronicle. ``We saw what a disaster deregulation was over the last two years,'' Davis told the Chronicle. ``For a commodity that is not essential to life, deregulation makes sense. But for a commodity that is essential to life, it's too great a risk to take,'' he said. Davis said he hopes to sign bills this year that would dramatically change California's energy policy. But he stopped short of endorsing a bill by Sen. Joe Dunn, D-Santa Ana, which would strike out the 1996 deregulation law. But Dunn said he has the governor's support on the bill. ``He (Davis) said if you get that legislation to my desk, I will sign it,'' Dunn said. ``It wasn't hesitant.'' The bill is expected to be heard in a Senate committee next week. It's opposed by power companies and many large businesses, who would like to bypass utilities and contract directly with energy companies for their electricity. ``There's no question that poorly implemented deregulation is bad,'' said Jan Smutny-Jones, executive director of the Independent Energy Producers. ``But California needs stability right now to attract the investment we need to build more power plants. Otherwise we're looking at another energy crisis.'' (Copyright 2003 by The Associated Press. All Rights Reserved.)
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