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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 841 |
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If the price does not increase, the supply continues to be short, and the demand continues to rise; California could be in the dark for quite some time.
The state has made no attempt to attract other electrical suppliers. In fact, because of the stringent environmental laws in California, suppliers do not want to do more business there...
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The states utilities have not built a new power generation plant in over a decade due to the unattractiveness of the state. (The Economist, 2001)
California's demand had skyrocketed during the 1990's. The table below was taken from The Economist article, "A state of gloom" and depicts the 25% increase in electrical consumption during that time...
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