More energy tradeoffs: should Feds return to price regulation in Calif.?

Price setting used to be the job of the California Public Utilities Commission before lawmakers decided in 1996 to order the state’s investor-owned utilities (such as Pacific Gas and Electric) to start selling fossil-burning power plants and to start buying electricity on the open market.

SAN JOSE, Calif., Oct 17, 2000 (BUSINESS WIRE) – Calpine Corporation (NYSE:CPN) announced today that it plans to enter into a long-term power supply agreement with Pacific Gas and Electric Company (“PG&E”) that would provide competitively priced electricity for PG&E’s northern California customers.

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