[Wally_Kalbacken]

I realize that there is a sovereign immunity problem here - but it seems to me what CA and Davis did a few years back was to construct an environment in which no humanly possible management or direction of PG&E (or several other entities) could have avoided catastrophic losses. (Regulating the price to consumers but freeing the market for wholesale power ate through the capital of several major utilities.) So why not a shareholder suit against the state of California on a claim based in the takings clause?

[Cicero]

You point to one of the basic problems. They "deregulated" the wholesale market but kept the retail costs tightly regulated.

The other major problem is that even under the best conditions, California doesn't make enough power to satisfy its needs. So they suck in power from all the neighboring states. When it got really hot, they practically destroyed all their neighbors as well as themselves.

There's certainly something wrong when a state can behave like that and all the power producers, even from out of state, are required to bow down and kiss their toes and give them all the power they want.

[Hoplite]

California isn't going to get sued, and quite to the contrary, it's doing the suing.