Re: California Seizes Power Contracts

[Miles Fidelman <mfidelman () civicnet org>]

On Mon, 5 Feb 2001, Bradley Dunn wrote:
> At 10:29 PM 2/5/2001 -0800, Brian wrote:
>
> > Seize is really a poor word choice by the article's author imho.  They all
> > just wanna scare the crap out of us..
>
> We should be scared. California's power industry is being nationalized.

Nationalized would be seizure by the Feds, not the state of California.

Not sure why we should be scared, though. Government has a pretty good
track record of running electric utilities. Right now, LA Water and Power
is selling power to the rest of California - partly because they had the
good sense early on to buy into the Hoover Dam (another government
project).



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