Beats me. AB1890 was one thing, but the implementing regulations are another. The feds are involved as well, with the "tariffs".
Who can figure it out? I can't, but Enron seems to have.
They hate suburban development in this state, and desire a balkanized society where the rich toast each other in wine parties at their eco-mansions at the expense of slave labor. That is what they want and that is what they are building. They hate the middle class because it consumes resources that they want for themselves.
To call the way deregulation turned out in California unplanned or foolish requires ignoring the way these people have either accepted massive financial support from or directly worked for elements of the energy business. It ignores their individual histories and long associations. It negates their involvement in lawsuits designed to create the necessary underlying shortage that is the real foundation of the financial crisis in electrical prices.
Needless to say, it is of course in the interest of this moneyed elite to profit as much as possible along the way. They restrict urban real estate and profit on the scarcity. They finance the loans to the State and click their tongues and waggle their fingers solemnly when it needs more money. They import immigrunts to keep the wages down and finance a bureaucracy to serve them and eat at middle class taxes. They support gay rights and destroy middle class families with drugs and rotten schools. In short, they go right on building their fascist banana democracy.
So, should it be confusing that the Slave Party is building the same kind of state in California that existed in the old South? Why should that be any surprise? In a global economy where exporting capital to play the same game is very profitable, why shouldn't industry come right along, especially when the RICOnuts give them few options to do otherwise?