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:
All comes back to greed
Yeah, sometimes competition doesn't work in this way!
-Kati
Pretty sad all the way around!
I'm a California native but I'd already moved to Oregon by the time this happened.
i remember when that happened
Must've been tough for the residents.
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