Palast was Right... Arnie is going to destroy California - See his Plan!

[dutchdemocrat]

((((((((See Palast's article on the love affair between Arnold and Ken lay here if you don't know the background of the story.

http://www.gregpalast.com/detail.cfm?artid=284&row=0

You can also see Energy journalist Jason Leopold's angle on it here

http://newsreview.com/issues/sacto/2003-08-28/essay.asp

----------------

Schwarzenegger aims to repair Calif. power market

SAN FRANCISCO, Oct 7 (Reuters) - Arnold Schwarzenegger vows to put market economics to work to fix California's electricity market if he wins the recall election Tuesday, but critics warn his plan would merely repackage much of the state's failed deregulation law.

"I give his plans a grade of 'F'. Arnold would impose a failed policy on us. It's dangerous for our economy," said Loretta Lynch, former president of the California Public Utilities Commission appointed by Democratic Gov. Gray Davis, the target of Tuesday's recall.

But the plan also contains elements that energy analysts advocate, including a more competitive marketplace, new power plants, upgrading the transmission grid, and closer coordination of power supplies with neighboring states.

http://www.forbes.com/business/energy/newswire/2003/10/07/rtr1102087.html

SNIP
SNIP

RESHAPE THE MARKET

The plan calls for reshaping California's wholesale power market by borrowing from market deregulation in Texas, New England and the Middle Atlantic states and adopting the Federal Energy Regulatory Commission's plan to revamp the nation's grid by creating super-regional transmission systems.

SNIP

-------------------------------

(((((((((It's on his website as well. Cheeky bugger.

--------------------------------

From www.joinarnold.com

What specific moves would you make to bring certainty to the energy market and to guard future blackouts?

I will restore stability to our energy system and stimulate private investment in electricity generation and transmission. The blackouts had a terrible impact on our economy and were yet another result of failed leadership in Sacramento. I have a six point plan that will prevent further blackouts. I will reform the state's 13 state agencies and create a uniform energy strategy that stimulates investment and ultimately produces more reliable and more affordable electricity for Californians. I will create a working regulatory structure based other states and the FERC standard market design; we will look towards replicating the successful regulatory models in other states to stimulate private investment in electricity generation and transmission while also eliminating incentives for gaming the regulatory system. I will invest in natural gas and electricity transmission capacity. This administration will encourage conservation by allowing large customers' rates to move up and down with changing electricity costs. I will create reserve requirements for power generators. I will address overpriced legacy power purchase agreements.


http://www.joinarnold.com/en/agenda/arnoldsviews.php#aa1

[ozymandius]

1. Wouldn't he have to get this passed in the legislature?

One might think that cooler heads would prevail there as they sometimes do everyhere else.

[DEMActivist]

2. They'll just pull a "Georgia" stunt

How many "conservative" Democrats will change parties tomorrow? Just like in Georgia - they'll target just enough Democratic state legislators to switch parties to give Arnold a fighting chance.

It's a pattern folks. We Georgians can probably tell you how it will play out next.