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

From: hibbert@netcom.com
Date: Thu Jan 11 2001 - 12:11:45 MST


max@maxmore.com 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.

http://reason.com/ml/ml010401.html
http://reason.com/sullum/010901.html

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

---
Chris Hibbert         It is easy to turn an aquarium into fish soup, but
hibbert@netcom.com    not so easy to turn fish soup back into an aquarium.
                        -- Lech Walesa on reverting to a market economy.
http://discuss.foresight.org/~hibbert/home.html


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