[Amerigomag]

the new administration had already decided "they were going to hang California out there. It would be an example to the rest of the country what not to do

I'd say that needlessly bankrupting a state is a pretty good example of what not to do.

There is compelling evidence that several of California's "purchasers" had a vested, personal interest to continue to purchase peak power in December 2000 when common sense said 1) the plant maintenance excuse was a contrived circumstance and 2) the peak prices defied common sense by anyones' standards.

Couple this with Davis' mad yearing to be reelected (not alienate the voters by managing with ecomomical power; ie. not turn off 2% of the lights) and I'd say yes the feds were justified to pee pee on Davis' little deceptions.

[boris]

"Couple this with Davis' mad yearing to be reelected"

How many years did it take him? I yearn to know!

--Boris