I want to point out, as Senator Craig has, that the fundamental flaw in these proposals of cost-plus, or caps, is that they leave in place California's retail cap. As we speak, California's consumption is going up. As California's neighbor, I wish them no harm. I know their swathe economically in our country and in the West. I admire so much about California and would like very much to be a good neighbor. But I don't think many Californians understand what they are doing to their neighboring States. Because of a retail cap, there is absolutely no incentive for Californians to conserve.
Robert Smith: “I want to point out, as Senator Craig has, that the fundamental flaw in these proposals of cost-plus, or caps, is that…”
Editor's note · Context
Discussing the impact of California's retail cap on neighboring states during a debate on energy policy.
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