U.S. Urges Major Fixes For State’s Power Market
<h3>Federal Panel Says Electricity Crisis Is Product Of Flaws In Deregulation, But It Stops Short Of Ordering Reductions In Sky-High Prices</h3><p class="source">Los Angeles Times</p>
<p>California's electricity crisis is the product of flaws in the deregulated market and a long-term shortage of power in the state, federal regulators said Wednesday, proposing sweeping changes to fix the $ 23-billion electricity trade.</p>
