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George P. Radanovich: “What the problem was in California was really a crisis in leadership in an improper reaction to a flawed deregulation…”

On the recordJune 26, 2001
What the problem was in California was really a crisis in leadership in an improper reaction to a flawed deregulation bill that was passed in 1995. We began to see signs of that with this 'deregulation' plan, that froze the rates at which utilities could charge consumers but put 100 percent of the energy that they were able to purchase on the spot market, which fluctuated from day to day. That is half a deregulation bill, that is not a full one. If you do not go all the way with deregulation, you do not have deregulation. It caused problems beginning in May of last year.
Said by
George P. Radanovich
California
Source
govinfo.gov

Editor's note · Context

Discussing the energy crisis in California and its relation to a flawed deregulation bill.

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