When individual states and FERC developed models for these artificial electricity markets, they essentially took something that worked very well and broke it up into dysfunctional pieces. Why?

Good question. The promise was lower rates to consumers.

Like you’d expect, this has been long forgotten.

This NY Times article
discusses why it hasn’t worked to the consumers advantage, what the issues are, and glosses over what is probably the most difficult aspect, how the electricity markets actually work (or don’t).

Too bad.

A few familiar names turn up, such as Goldman Sachs and the Carlyle Group, who have proven themselves adept at gaming markets (and you thought it was just Enron?)

With Goldman, that would be the IPO frenzy of 1999. Carlyle, well, let’s just say all of our money isn’t going into Iraq isn’t just lining the pocket of Halliburton. The Carlyle Group has their hand in your other pocket.

The Cheney- Bush- Crony enrichment program: taking what’s rightfully yours and making it ours.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: