Risk.net

End of the road for California?

California state senator Joseph Dunn is pushing a bill to reverse California’s energy deregulation. But big end-users of electricity say the move will onlycreate further confusion in the state’s high-profile energy market.Democrat senator Dunn wants to overturn California’s 1996 deregulationlaw, which has been widely blamed for the shortages that caused price spikesand rolling blackouts in 2000–2001. And while no-one claims that deregulationin California has been a success, energy firms, bus