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Enron Mail |
* an editorial from today's Wall Street Journal
REVIEW & OUTLOOK (Editorial) Asides: 05/08/2001 The Wall Street Journal Page A26 (Copyright © 2001, Dow Jones & Company, Inc.) California 's Electric Lottery Golden State residents used an impressive 9% less electricity in the past two months than they did during the same time last year, but it won't be enough to dodge rolling blackouts this summer. Southern California Edison is assigning each of its 4.3 million customers a number from one to 114 that groups customers in a specific set of circuits totaling 100 megawatts. So when, for example, the utility has to cut 500 megawatts of power, five groupings will lose power for an hour. The numbers will be announced on radio and TV, much like a lottery. But everyone will lose in this lottery, which has been brought on by the stubborn refusal of California 's politicians to override environmental objections to new power plants and then their efforts to cap prices on the remaining power.
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