The new price cap isn't the significant issue at all. It's the destruction of Cal ISO's board of commies. Woo Hoo!
I don't know where this socialist scum came from or who is financing him but he has been a thorn in the side of the electric problem since it started.
He has constant press attention in the San Diego Union and I don't go along with anything he says, by inuendo mostly, he advocates state ownership of all the power especially the transmission lines.
I have the feeling that he is financed by enviro organizations since he has been a strong advocate of confiscating the Edison Company which would give the enviros control of a massive portion of the Sierras and their water rescorces. I'm not so sure that a lot of the problems with electricity in California revolve around the desire to capture the land and lakes of Edison which would be a disaster.