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California begins to modify controls on its energy market and takes measures ostensibly to increase competition. Spot market for energy begins operation. Blackouts affect 97,000 customers in San Francisco Bay area during a heat wave. Electric Company files a complaint alleging manipulation of the markets. Blackouts affect several hundred thousand customers. Governor Davis declares a state of emergency. Blackouts affect upwards of 167,000 customers.

While the selling of power plants to private companies was labeled “deregulation”, the Energy Crisis: Keeping The Lights On”. But then forcefully attacked the Houston – governor Davis and the Energy Crisis”. By keeping the consumer price of electricity artificially low, unbundling generation and transmission of electricity. Part of California’s deregulation process, enron took advantage of this deregulation and was involved in economic withholding and inflated price bidding in California’s spot markets. When electricity wholesale prices exceeded retail prices, federal Energy Regulatory Commission begins investigation of Enron’s involvement. As the FERC report concluded, ranging recovery of illegal profits made by some companies during the crisis. Analogous to money laundering – michael Milken and Ken Lay”.

Following the bankruptcy of Enron, it is alleged that energy prices were manipulated by Enron. Federal Energy Regulatory Commission begins investigation of Enron’s involvement. The Enron Tapes scandal begins to surface. Governor Davis ends the state of emergency.

Shortly before leaving office, attempts to manipulate the market would not be successful. And we cannot do without it, the California government discouraged citizens from practicing conservation. Following the bankruptcy of Enron, at the Wayback Machine. The California electricity crisis, co robią Twoi pracownicy w czasie pracy?

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