Hart Nat Hentoff David Horowitz Michael Kelly Mort Kondracke Ch. I under priced electricity so consumers had lower rates.
Real prices catch up eventually.
Ironic that just a few months ago Ed Begley Jr. was a California cult hero for demanding mandatory electric cars. Be careful what you wish for. Public utilities have long operated on grocery store margins with staggering capital investment. Also, commercial users cross-subsidize residential users, giving them artificially low rates. Everyone, from Silicon Valley nerds to home latteites, bought and behaved as if electricity costs were low and would remain so.