So it was flawed in that it didn`t require California to have a first claim on the power plants. It deregulated part of the market, but not all of the market.
- Gray DavisWell, there`s no question that the law passed in 1996 was flawed. It deregulated the wholesale market, meaning the price that the utilities had to pay energy companies for power, but not the retail market.
- Gray DavisIn the deregulated realm of US banking and finance, crime does occasionally pay for its foul deeds, not in prison time but by making modest rebates to the victims.
- William Greider