The ï¿½thudï¿½ of Californiaï¿½s fall from the deregulation power seat was felt around the nation. Once heralded as the innovative leader in competitive electricity markets, California has, for all intents and purposes, returned to regulation. In light of the many problems brought about by Californiaï¿½s faulty legislation, many states are taking a step back from deregulation plans. Others, already open to competition, are looking for ways to mitigate potential future problems. In examining Californiaï¿½s missteps and the effect they have had on the rest of the nation, it is important to realize that deregulation was not the problem and that Californiaï¿½s situation is, in many ways, unique. Flawed legislation and lack of foresight are primarily to blame for Californiaï¿½s woes, and many other states are now reevaluating their own deregulation plans to ensure that they do not encounter the same difficulties.
SAN JOSE, Calif.—(BUSINESS WIRE)—March 12, 2001—New turbulence in energy markets is creating a ripe opportunity for growth in the North American Hydraulic Pump Markets.