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I saw something about that while checking out the news this morning, i also saw an article that started like this.
Hey, you might just be selling power soon, or could go to regular brownouts cause they will get more profit selling it to neighboring states and using the profits for bullshit stuff.
OHH, wait a minute, thats the situation we got going on with our oil industry.
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SACRAMENTO, Calif. -- California would become one of the largest owners of hydroelectric power in the nation and use profit from those plants to borrow as much as $12 billion to buy electricity under a plan to be unveiled today by Assembly Democrats.
The Assembly proposal puts the state in the power business in two ways: by owning Pacific Gas & Electric and Southern California Edison's massive hydroelectric plant network, and by entering into long-term contracts with power generators to stabilize costs before the energy crisis morphs into a full-blown economic disaster.
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