Republican (fascist/socialist) governor Peter B. Wilson, Esq., of the republic of california, signs Assembly Bill 1890, partially deregulating the states electric utilities. The wholesale market is deregulated, allowing the utilities to profit from the lower prices that result from competition; the retail market not only remains regulated but the california Public Utilities Commission gives the power companies permission to lock-in a rate increase over the next four years—50% above the national average to fund a guaranteed retail rate reduction of 20%, and to protect against a possible increase in wholesale prices.
Postscript: over the next four years Pacific Gas & Electric, San Diego Gas & Electric and Southern California Edison realize profits of over 7,000,000,000 “dollars,” that by statute may not be passed onto consumers in the form of lower rates.
NOTE: As an attorney (Officer of the Court) Wilson was ineligible to serve in two branches of government at the same time, according to Article I, Section 6 [Clause 2].
[restored 10/17/2025]
Subsequent Events:
Authority:
california constitution of 1879, article XII, section 3
law.justia.com/constitution/california/article-xii/section-3/
References:
Harvey Rosenfield, “Ratepayers Shouldn’t Bail Out Edison,” Los Angeles Times, 18 December 2000, B13.
Chris Kraul, “Radical Changes in Power Industry Pass Legislature,” Los Angeles Times, 1 September 1, 1996.
2000–01 California electricity crisis – Wikipedia
en.wikipedia.org/wiki/2000–01_California_electricity_crisis
Current U.s. National Debt:
