It's a pure travesty for a state agency to lock in a future of high prices for millions of California consumers when its specific mission is to protect those consumers. Yet, that is just what a recent natural gas decision by the California Public Utilities Commission would do. Besotted by the idea of high-tech foreign liquefied natural gas entering California via a group of coastal receiving terminals, the commission has authorized the state's largest gas companies to give up their rights to a huge amount of reserved space on two of the three largest pipelines now bringing gas into the...
