So It Was Flawed In That It Didn't Require California To Have A First Claim On The Power Plants. It Deregulated Part Of The Market, But Not All Of The Market. - SearchQuotes

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So it was flawed in that it didn't require California to have a first claim on the power plants. It deregulated part of the market, but not all of the market.

Gray Davis

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Now, in the space of a year, we've spent 450 percent more for power than we did the year before, and bought essentially the same amount of power. This year, that number's likely to go up. That can't go on forever and have us continue to be the economic engine for America.

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Meanwhile, people have to join us and fight back against the federal government that has dropped the ball, that is in bed with these energy companies, that wants them to make more money than they've made before.

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I'm doing my part, building plants at a record rate, having historic conservation levels. The only people not doing their part is the federal government that is siding with the energy companies against the interests of the people of California.

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I know that Duke made a number of demands, including that the attorney general drop its investigation. We have no intention of asking the attorney general to do that.

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I have not been briefed.

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I don't know why they're doing it. I have to assume that their motives are positive, not negative. But they don't understand the severity of the problem in this state.

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I don't know if I would do this if I had to start over again.

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Here is my general approach to the energy companies. You have already charged the utilities a 50 percent credit penalty for the power they were buying from you. You're charging us a penalty. You're not going to get two bites of the apple here.

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Duke came to us. They volunteered to come to us and made a number of suggestions to some people on my staff. I don't know how I would characterize them, but there have been some discussions going back and forth between Duke and members of my staff.

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As the governor of this state, I obviously see the issue quite differently.

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