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Article: Bill to re-regulate energy industry draws attention: state chamber contends SB 888 takes options away from business. (Energy).
- Article from:
- San Diego Business Journal
- Article date:
- June 23, 2003
- Author:
CopyrightCOPYRIGHT 2003 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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California's failed attempt at electricity deregulation left a bad taste in most everyone's mouth.
The state's form of deregulation, touted as a way to open competition and reduce the cost of electricity, led to skyrocketing prices and rolling blackouts in 2000 and 2001. Still, some lawmakers and energy companies warn that recently passed legislation to restructure the market is a "rush to re-regulate."
Senate Bill 888, introduced by Sen. Joe Dunn, D-Santa Ana, is aimed at repealing deregulation. The bill, which narrowly passed through the Senate earlier this month, fails to provide cost-recovery assurances to utilities, said Ralph Richardson, a Sempra ...