On 12/25/19 6:16 PM, Michael Loftis wrote:
Having lived through the blackouts that was entirely different. 90%
Enron manipulating the markets. There was plenty of capacity both in
transmission and generation, but Enron manipulated prices and apparent
supply to make money and screwed the whole state over. There was just
about 2x the generating capacity, no real shortage.
This time it’s PG&E all alone, but still fallout from back then. Too
much liability and they’ve not maintained the infrastructure and so
they decided that to reduce the liability costs it’s cheaper to
blackout. Same story again different colors. PG&E making a mint while
people get screwed (PG&E was mostly at the getting screwed end in
2000-2001)
Yes, this is exactly right. My point here isn't to assign blame, but to
ask what the hell we're going to do about it. Trying to score political
points is disgusting.
Mike
