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<div class="moz-cite-prefix">On 12/25/19 6:16 PM, Michael Loftis
wrote:<br>
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<div dir="auto">Having lived through the blackouts that was
entirely different. 90% Enron manipulating the markets.
There was plenty of capacity both in transmission and
generation, but Enron manipulated prices and apparent supply
to make money and screwed the whole state over. There was
just about 2x the generating capacity, no real shortage. </div>
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<div dir="auto">This time it’s PG&E all alone, but still
fallout from back then. Too much liability and they’ve not
maintained the infrastructure and so they decided that to
reduce the liability costs it’s cheaper to blackout. Same
story again different colors. PG&E making a mint while
people get screwed (PG&E was mostly at the getting
screwed end in 2000-2001)</div>
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<p>Yes, this is exactly right. My point here isn't to assign blame,
but to ask what the hell we're going to do about it. Trying to
score political points is disgusting.</p>
<p>Mike<br>
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