Der-regulation of the electric generators and (separately) of the electric distribution was also how ENRON twisted its rate charges and secondary markets into billions of “apparent” profit - which pulled up its overall stock.
Happened during the Bush I - Clinton years years, while Bush II was governor of TX. Interesting coincidence, right? ENRON failed outright under the early Bush II years, when he refused to bail them out from Washington from their scheme.
For the whole utility scheme however, deregulation encouraged short-term generation policies - “Run them until they break!” - over long-term maintain-generate-maintain-generate-maintain economic planning.
All that separate from this hysteria of climate change and ITS central planning for failure.
But! Enron (under Clinton) DID begin the carbon trading schemes that promised 30 trillions per year in perpetual money laundering markets!
Thanks Robert A Cook PE. California's solar delusions are for the, uh, never mind.