Electrical Business Magazine
The U.S.-based Foundation for Taxpayer and Consumer Rights (FTCR) said the bankruptcy of energy giant Enron could trigger an end to electricity deregulation in California and the rest of the United States.
Doug Heller, a spokesman for the group said that Enron‘s bankruptcy after months of profiteering in California showed the flaws in the deregulation concept.
Deregulation in California financially devastated the state and is likely to have severe consequences for political leaders when it comes to election time. Over the last year, California electricity rates rose as much as 40 per cent. Last year, there were six days of rolling blackouts.