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Bailout Hearing in Sacramento

by RR
not once did they provide any reason why the deal would be good for ratepayers – because it isn't.
Bailout Watch #55 Friday, June 22, 2001

Edison Bailout Hearing in Sacramento: Bailout NOT DOA.

In a mid-afternoon hearing held by the Senate Energy
Committee on Tuesday, Gov. Davis\'s proposal to force
ratepayers to bail out Edison had its first hearing. Like the
original deregulation legislation, the bailout proposal
by NRG
You write, "Residential and small business ratepayers have been the deep-pockets for deregulation since it first passed."

California has never deregulated energy companies. In 1996, they ADDED new regulations which forced producers to sell off profitable parts of their business and limited their production capability.
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