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Article: National Energy Marketers Association Urges Against Re-Monopolizing the California Energy Markets; Proposed Legislation would be a 'Giant Leap Backwards'.
- Article from:
- Business Wire
- Article date:
- May 7, 2003
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Business Editors
WASHINGTON--(BUSINESS WIRE)--May 7, 2003
"California took a giant leap backwards today," said Craig Goodman, President of the National Energy Marketers Association, with regard to the California Senate Energy Committee's vote on SB 888 to re-monopolize its energy markets.
"SB 888 undermines California's 'Energy Plan' and ongoing efforts to bring stability back into its energy market and destroys the value of investments made in reliance on prior law. The overwhelming costs of SB 888 to the California economy, its consumers, its utilities, its job and technology markets as well as California's competitiveness for new capital ...