Sunday, October 23, 2016

Fact of the Day: California Black-Out

During 2000-2001 California faced a severe string of black-outs of power all over the state. One of the main reasons was that the industry was deregulated in hopes that competition among companies would make things better. Enron also had manipulated the market in their favor. The event caused Governor Gray Davis' popularity to drop so low that he was successfully recalled. 

6 comments:

Pat Hatt said...

All comes back to greed

Kati said...

Yeah, sometimes competition doesn't work in this way!

-Kati

NanaDiana said...

Pretty sad all the way around!

stephen Hayes said...

I'm a California native but I'd already moved to Oregon by the time this happened.

bj said...

i remember when that happened

Martha said...

Must've been tough for the residents.