{"article":{"id":14222,"heading":"2002 Cal Gov Race: Energy Crisis Hoax","author":"Justice","created":"2002-01-20 20:40:08","modified":"2005-08-15 00:52:31","last_modified":"Mon, 15 Aug 2005 07:52:31","article":"

The Foundation for Taxpayer and Consumer Rights (FTCR) issued a 58-page repot, entitled \"Hoax: How Deregulation Let the Power Industry Steal $71 Billion From California,\" showing that the contrived California \"energy crisis\" of one year ago was a coordinated plan with the Legislative votes for taxpayer bailouts of the energy companies, as FTCR pointed out at the time.

The report is in PDF format at:

http:\/\/www.consumerwatchdog.org\/utilities\/rp\/rp002169.pdf

Its Table of Contents is as follows:

Executive Summary..............................................2

I. A Chronology of the California Deregulation Debacle ......................................5

II. The Myth of the Energy Shortage............................................11

III. Turning Off the Juice: What Really Caused the Energy Crisis........................23

IV Turning On the Juice: The Crisis Vanishes..................................32

V. The Legacy of the Deregulation Debacle..................................42

VI. The Way Out of the Deregulation Debacle ........................................................53

VII. Conclusion ................57

According to FTCR's press release, at http:\/\/www.consumerwatchdog.org\/utilities\/pr\/pr002170.php3

The press release highlights the following points of the report as follows:

(1)\"The rolling blackouts, which occurred on generally low-demand days, were not caused by a shortage of power plants, but by energy companies looking to maximize their prices and profits.\"

(2) \"Throughout late 2000 and 2001, when prices skyrocketed, California used less electricity than prior years, in which prices were stable and there were no blackouts.\"

(3) \"Californians overpaid $8.5 billion for electricity between January and October of 2001 alone -- and will overpay at least another $20.5 billion over the next decade. \"

(4) \"While the U.S. entered a recession during the first half of 2001, power companies, such as Enron, Duke and Reliant, reaped unprecedented windfalls.\"

As FTCR states, \"It wasn't a shortage, it was a shakedown.\"

Chapter 3 reveals the lies, as this excerpt indicates:

III. Turning Off the Juice: What Really Caused

the Energy Crisis





















<\/p>\n","contact":"","link":"http:\/\/www.consumerwatchdog.org\/utilities\/rp\/rp002169.pdf","address":"","phone":"","parent_id":0,"mime_type":"text\/plain","summary":"The Foundation for Taxpayer and Consumer Rights (FTCR) issued a 58-page repot, entitled \"Hoax: How Deregulation Let the Power Industry Steal $71 Billion From California,\" showing that the contrived California \"energy crisis\" of one year ago was a coordinated plan with the Legislative votes for taxpayer bailouts of the energy companies, as FTCR pointed out at the time. The report is in PDF format at:http:\/\/www.consumerwatchdog.org\/utilities\/rp\/rp002169.pdf","numcomment":0,"fileurl":"\/uploads\/2002\/01\/2002_t17z29.txt","filesize":"4.3 kibibytes","article_url":"\/news\/2002\/01\/14222.php"},"attachments":[],"comments":[]}