In Economics 101 we learned that price is a very efficient allocater of scarce resources. All users of electricity should pay a charge for meter reading, billing, customer service and infrastructure maintenance, plus a cost per kilowatt hour of electricity used which is uniform over the entire region and which equals the average cost of electricity consumed in the region over the same billing period. Under no circumstances should money be borrowed or taxpayers be hit for the purpose of allowing power to be sold to any user below cost, because such below cost sales discourage conservation. A recent article in the Wall Street Journal stated that only 2.4 percent of General Electric's order backlog for power generation turbines is destined for the California market. This percentage would be significantly higher if our politicians allowed current retail electricity rates to cover current electricity costs and stopped publicly blathering about new legislation to throw power company generation executives in jail.
Investment capital goes to places where investors are respected by politicians.
Existing federal anti-trust law is sufficient to punish those who conspire to fix prices in our economy where there is proof of conspiracy. Please include the date and topic.