Energy

States Deregulate Energy at Their Peril – from The New York Times

While reporters ogled celebrities at Barbra Streisand's bungalow during the Democratic Convention in Los Angeles, there was a real display of populism 100 miles to the south in San Diego. There politicians have enrolled two million citizens in a scary economic experiment. This year, San Diego became the first city in California to experience the end of state regulation of electricity prices.

Tony Rushes in Where Bill Fears to Tread

For The Guardian UK
For all those conspiracy cranks and paranoid anti-globalisers who imagine that the planet's corporate elite and government functionaries actually meet to conspire about their blueprint for rewriting the laws of sovereign nations, be advised that the next meeting of the New World Order is being held this week at the Swiss Hotel in Brussels. It is the mid-year meeting of the Transatlantic Business Dialogue.

Are Scots on the Oregon Trail a lot Smarter than they seem?

While we were in jail in Washington during the war in Vietnam, my comrades and I spent part of our night as guests of the state singing several choruses of the song, ‘Waist Deep in the Big Muddy'.
I would not compare Scottish Power chairman Ian Robinson to President Lyndon Johnson. And Robinson's invasion of the US power industry through his plan to purchase PacifiCorp of Oregon is not exactly the landing at Da Nang. But there is a little bit of LBJ's resolute optimism, while marching deeper into the quicksand, which has me humming that old song.

Don't Hold Your Breath for Rebate
from The New York Times

GOV. George E. Pataki says he is mailing out checks of $100 to $232 to every home on Long Island, a bonus as part of Mr. Pataki's plan to cut electric rates 23 percent.
If it were true, I would leave out a glass of milk and cookies for Governor Santa when he comes down my chimney. But alas, the rebate, like the rate reduction, is as real as reindeer on the roof.