Public Interest
Feb. 13, 2001
State Should Buy Generators To Control the Power Supply
The energy crisis solution approved by Sacramento is focused on the wrong part of the energy chain. A bailout of Pacific Gas & Electric and Edison is a particularly bad idea. Why should taxpayers join forces with the utility companies that, according to recent audit reports, artfully maneuvered their corporate holdings and credit policies to precipitate this crisis? Worse, it won't solve the problem.
The energy crisis solution approved by Sacramento is focused on the wrong part of the energy chain. A bailout of Pacific Gas & Electric and Edison is a particularly bad idea. Why should taxpayers join forces with the utility companies that, according to recent audit reports, artfully maneuvered their corporate holdings and credit policies to p...
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