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Enron Mail |
FYI.
ORANGE COUNTY REGISTER EDITORIAL: DAVIS HURTING STATE In an editorial, the Orange County Register blasts Gov. Gray Davis and his board picks for the California PUC, which, the paper asserts, have nullified the only good to come out of California's energy deregulation - consumer choice. With commentary from Lance Izumi, an electricity policy analyst at the Pacific Research Institute, the Register says a PUC policy that requires customers to buy power from their local utility company is forcing ratepayers to fund Davis's overpriced energy purchases. The negative impact on California businesses, some already in a slump, could force the state's economy into a recession and discourage businesses from relocating there, the editorial said. It's reminiscent of the 1990's when government policy caused an economic bust and state unemployment shot to 10% (Orange County Register via Knight Ridder/Tribune News Service, Sept. 25, http://www.ocregister.com ).
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