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I think they just realized there wasn't going to be any juice to plug into!

Calpowercrisis:

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`California tried to force us to build something that wasn't market ready, and it looks like they have finally realized that fact,'' said Greg Dana, vice president of environmental affairs for the Alliance of Automobile Manufacturers, in Washington, D.C. `

Don't you just love how market forces, economics, and physics prevail over "do-good" Politicians!

Speaking of which, in Rough and Tumble, there are two interesting articles (too busy to post) one in the Sac Bee that says Davis now blames the Cal Power crisis caused by evil power companies as the source of all his and the state's problems and how he is going to get those evil folks. The other is that FERC (in a Wall Street Journla article) has said that it is going to make public the "evidence that California has submitted." That should allow the accused the opportunity to respond and pretty well discredit the California arguments.

This is going to get fun to watch. Also the hydro situation up in the PNW is not getting any better, nor is the Cal ISO doing a better job of managing the power systems. Therefore, I suspect that things could get dicey this summer for California both in terms of price and blackouts.