Re: Bitten by NIMBY, CA power system goes socialist...

Date: Thu Jan 11 2001 - 12:11:45 MST said:
> It's frustrating to hear about the "failure of deregulation" when the
> failure was not in markets but in political intervention (apart from
> the above, that includes refusing to allow construction of more power
> plants).

Reason Magazin has a couple of articles highlighting all the non-market
aspects of the so-called deregulation.

Prices caps for consumers; futures contracts illegal; buying and selling
only allowed in the gov'ts markets, in which the highest price paid all day
is charged for all contracts that day; no new construction; new producers
of power required to pay a fee equal to the amount current sellers are
allowed to write off; current major utilities required to divest
production. Which part of this plan sounds like deregulation?


Chris Hibbert         It is easy to turn an aquarium into fish soup, but    not so easy to turn fish soup back into an aquarium.
                        -- Lech Walesa on reverting to a market economy.

This archive was generated by hypermail 2b30 : Mon May 28 2001 - 09:56:18 MDT