CALmatters’ Dan Walters is sounding the siren that history is repeating itself when it comes to energy deregulation.
In his latest piece, Walters recalls the history of power company deregulation in the 1990s and how badly it missed on its promises.
Now, it is happening again.
“Newly drafted legislation would integrate California’s grid with those of other Western states and perhaps cede operational authority from a politically accountable agency, the California Independent System Operator (CAISO) to a new regional agency dominated by the power industry,” Walters writes.
Who is behind the effort (hint: a major billionaire) and what are the consequences? Read more here.