Little risk to Schwarzenegger of blackouts, thanks to Gray Davis

Kadie

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Fri Jul-21-06 07:57 PM
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Little risk to Schwarzenegger of blackouts, thanks to Gray Davis

Little risk to Schwarzenegger of blackouts, thanks to Gray Davis
By Laura Kurtzman
ASSOCIATED PRESS

3:57 p.m. July 21, 2006

SACRAMENTO � Despite a midsummer heat wave that has pushed energy use to an all-time high this week, experts say Gov. Arnold Schwarzenegger probably does not have to fear the blackouts that ended former Gov. Gray Davis' political career.

And he has Davis to thank for that.

The long-term contracts Davis signed, at great political cost, guarantee plentiful energy for the next few years at what now look like good rates.

�In an interesting twist of fate, he's benefiting from the decisions that his predecessor suffered for,� said Frank Wolak, a Stanford economist who specializes in energy. �The terrible contracts� Davis �signed at the height of the crisis are now quite reasonable.�

more...
http://www.signonsandiego.com/news/state/20060721-1557-ca-governorsrace-energy.html

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warrior1

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Fri Jul-21-06 08:03 PM
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1. and arnie isn't doing enough

to keep up with the demand. We need a change.

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w4rma

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Fri Jul-21-06 08:05 PM
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2. I really hope that Angelides didn't try to blame the blackouts on

something other than Enron's price scheming. I hope this article, as they tend to do, left that important tid bit out.

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