Description
BHAGWAT DESKTOPPED 03/11/03 8:05 PM 95 INSTITUTIONS AND LONG TERM PLANNING: LESSONS FROM THE CALIFORNIA ELECTRICITY CRISIS ASHUTOSH BHAGWAT* TABLE OF CONTENTS Introduction .................................................................................................95 I. The Traditional Structure of the Electricity Industry........................97 II. California’s Regulatory Reforms....................................................101 III. The Electricity Crisis Stage 1: Market Failure to...

Advertisement