The governor's political future will be determined by whether or not he can maneuver the state out of this mess. The utilities are accustomed to buying what they want in Sacramento. On the other hand, a creative and fair solution would make Davis a hero. The state needs a comprehensive energy policy that addresses the need for conservation and better energy efficiency, that encourages renewable power and keeps retail costs reasonable. Deregulation has accomplished none of those things.
Consumers are tired of being told to have faith in deregulation.