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Deregulation of California's Electricity Industry.
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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Deregulation of California's Electricity Industry March 7, 2004 Nathaniel Johnsen - 0233758 The debate for and against deregulation of the generation and distribution of electricity was brought to light in the public's eye in California during the hot summer of 2000. Residents of the fifth largest economy in the world, many who had remained ignorant of the potential impacts of deregulation legislation that had passed through the state government, were forced to endure 100 plus degree weather during rolling blackouts. The entire nation began to debate the pros and cons of deregulation in the electricity industry as episodes of The Tonight Show with Jay Leno were broadcast from studio by candlelight in order to poke fun at the disastrous situation. Two large federal and state water pumps even had to be temporarily shut down to conserve electricity. The enormous shortfall in energy happened despite, or perhaps because of, recent deregulation efforts...
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