In late 2000 wholesale electricity prices skyrocketed in California, and the state faced a continuous thre..."> In late 2000 wholesale electricity prices skyrocketed in California, and the state faced a continuous thre..."/>
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Lessons from California's electricity crisis

In late 2000 wholesale electricity prices skyrocketed in California, and the state faced a continuous threat of power outages. In addition, the state's largest utility, Pacific Gas & Electric Company (PG&E), filed for chapter bankruptcy on April 6, 2001, at the same time, the second largest utility, Southern California Edison Company (SCE), has finalized a bailout deal that hopefully will restore its financial health. Customers are unhappy over rising rates and supply shocks. No one is happy with the current deregulation plan except out-of-state generators, such as Duke Power, Dynegy, and Enron that own many of the power plants formerly owned by California utilities, now reaping handsome profits.

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Location name is not set (3A) 333.7 MUN L
2014-06584
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Series Title
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Call Number
333.7 MUN L
Publisher
Turkey : .,
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Language
English
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Classification
333.7
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Statement of Responsibility
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