Monday, July 23, 2007

And Deregulation Caused This Back in 2001

To quote California Senator Dianne Feinstein January 31, 2001, questioning Sempera, a seller of power into the California market, before the Senate Energy and Natural Resources Committee, at its Hearing on the California Electric Shortage:"Explain...why spot power at 3 am in the morning is 500 times higher than it would be normally."
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