Less Power To The People

California's energy crisis is crippling the state--and small business gets the worst of it

What a shock. Three months ago, I sat stunned at an industry trade association meeting while I listened to my brethren in Southern California lament how they had been forced to shut down seven times during the summer months thanks to a shortage of electricity. Now they worried their rates were going to climb because Southern California Edison Corp. was running short of money to buy electricity on the open market. When I got back to the office, I called our customer rep at Pacific Gas & Electric (PCG), the energy provider for Northern California, and heard that my company would soon be facing the same problems--probably in the summer of 2001.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.