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Ray Alvarez brought to my attention today a news item indicating that the Congressional Budget Office released a report earlier this week entitled "Causes and Lessons of the California Electricity Crisis." The 30+ page report is available on the home page of the CBO's web site at www.cbo.gov. I have quickly read through the summary and it is largely favorable. For example, the summary says: "Much of the blame for California's electricity crisis attaches to the state's restructuring plan -- but not to its objective, electricity deregulation. (...) But deregulation itself did not fail; rather, it was never achieved."

What is the subject of this email?
New Congressional Report on California