Brother AACOOLDRE : What is Energy Deregulation? An Elephants payday

Discussion in 'AACOOLDRE' started by AACOOLDRE, Aug 18, 2003.

  1. AACOOLDRE

    AACOOLDRE Well-Known Member MEMBER

    Country:
    United States
    Joined:
    Jul 26, 2001
    Messages:
    2,447
    Likes Received:
    364
    Gender:
    Male
    Occupation:
    Teacher
    Location:
    Michigan
    Ratings:
    +400
    But Poppy Bush's gift of deregulating of wholesale prices set by the
    feds only got the power pirates halfway to the plunder of Joe Ratepayer.
    For the big payday they needed deregulation at the state level. There
    were only two states, California and Texas, big enough and Republican
    enough to put the electricity market con into operation.

    California fell first. The power companies spent $39 million to defeat
    a 1998 referendum pushed by Ralph Nader which would have blocked the
    de-reg scam. Another $37 million was spent on lobbying and lubricating
    the campaign coffers of the state's politicians to write a lie into law:
    in the deregulation act's preamble, the Legislature promised that
    deregulation would reduce electricity bills by 20%. In fact, when in the
    first California city to go "lawless," San Diego, the 20% savings became a
    300% jump in surcharges.

    Enron circled California and licked its lips. As the number one
    contributor to the George W. Bush campaigns, it was confident about the
    future. With just a half dozen other companies it controlled at times 100% of
    the available power capacity needed to keep the Golden State lit. Their
    motto, "your money or your lights."
     
Loading...