Giving away our money! Davis and the state legislature authorized $400 million to buy electricity at these outrageous prices. Then he wanted to sign long-term contracts (up to ten years!) at prices roughly double those of a year ago. This would cost the state BILLIONS that should go to schools and health care and get nothing in return. He finally started offering to buy the grid, but at twice its value. This was obviously a further bailout, but the energy corporations tried to camouflage this by publicly calling him a Marxist!