Are California blackouts dangerous?

How did rolling blackouts in california affect the price of electricity

  • Answer:

    State Government had a cap on retail electricity charges, this market manipulation squeezed the industry's revenue margins, causing the bankruptcy of Pacific Gas and Electric Company and near bankruptcy of Southern California Edison in early 2001.

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State Government had a cap on retail electricity charges, this market manipulation squeezed the industry's revenue margins, causing the bankruptcy of Pacific Gas and Electric Company and near bankruptcy of Southern California Edison in early 2001.

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