On the recordSeptember 6, 2000
I invite him to visit San Diego. It is misplaced to blame the San Diego crisis on environmental regulations. Yes, we need more capacity as the environment grows. Yes, we need environmentally sensitive generating capacity. And, yes, we need alternative sources of energy. There is plenty of sun in San Diego. But this crisis is not one of supply and demand. This crisis had to do with monopoly pricing and manipulation of the market. The price had nothing to do with when the load was at peak or when supply was needed. It had to do with the people who controlled it and what price they could get.
Source
govinfo.gov




