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I wish McClintock would quit vowing to void the electricity contracts. For one thing, he can't do it. It's not in his power.

And secondly, there are no valid legal grounds to do it. Without that, contracts are binding, even if you don't like them later.

I agree completely.....you think Davis wouldn't rescind the the overinflated contracts that were a result of a 6-month delayed knee-jerk reaction if he could?

Here's what I heard Tom McClintock say about rescinding the contracts: Gray Davis' chief negotiator for the contracts was a paid consultant by one or more of the energy companies (at least one of them anyway. I didn't write down the details and can't remember the particulars). As such, there was a conflict of interest to have this person negotiating contracts with these companies. Mr. McClintock said the law allows the contracts to be voided on this basis. I don't know - I don't know the law, just reporting out what I've heard him say. He further said that the reason Davis hasn't voided the contracts on this basis is that it would be, to say the least, embarassing to him to have to admit that the person he was using for the contract negotiations had ties to the energy companies.

If anyone has any more information on this, or can flesh out any of the details, or can correct me if i'm wrong, please feel free to do so.