San Francisco Chronicle editorial: Governor-elect's misplaced energy

[Jack Rabbit]

From the San Francisco Chronicle
Dated Tuesday October 14

Governor-elect's misplaced energy

It's back. Energy deregulation, a nightmarish experience that cost California billions, could become an early priority for Gov.-elect Arnold Schwarzenegger's team.
It's a bizarre move. Surging power bills and utility bankruptcies for which electricity users are still paying, fueled Gov. Gray Davis' recall. Why would the new governor want to rewind the videotape by proposing his own energy nostrums?
Schwarzenegger's brain trust believes it can untangle the power experiment that flopped so badly in 2000. As the huge East Coast blackout showed in mid-August, electricity remains surprisingly unreliable.
Credit the Schwarzenegger team for bringing up a complicated and unpopular subject, all but taboo in the past year for the risk-averse Davis. Energy supplies must be planned for and risks laid out.

A lesson of the deregulation experience of two years ago is that one should not deregulate a dysfunctional market. Free market solutions won't work where there is no free market.

Arnold, just sit down. This is a non-starter.

[Cha]

1. Sounds like "the risk averse, Davis"...should have

taken a few risks since he lost anyway.

[teryang]

2. This is the reason he ran

...to continue the rape of California consumers by the domestic power energy. The ultimate goal is to expand the project nationwide deregulate, privatize and gouge the public.