Now, in the space of a year, we’ve spent 450 percent more for power than we did the year before, and bought essentially the same amount of power. This year, that number’s likely to go up. That can’t go on forever and have us continue to be the economic engine for America. Gray Davis Read Quote
There’s no question that California, in the last three or four years, has been privileged to add disproportionately to the economic growth of America, and to contribute to its technological productivity. Gray Davis Read Quote
Meanwhile, people have to join us and fight back against the federal government that has dropped the ball, that is in bed with these energy companies, that wants them to make more money than they’ve made before. Gray Davis Read Quote
So it was flawed in that it didn’t require California to have a first claim on the power plants. It deregulated part of the market, but not all of the market. Gray Davis Read Quote
We’ll have a public power authority, which will also have the ability to build power or finance power. And more importantly, we’ll have more power than our economy provides. All of that will give us leverage we don’t have today. Gray Davis Read Quote
Well, we’re trying to patch and fix and put a cast on a broken system here. You can call it what you want, but we’ll continue to purchase power in a private market. Gray Davis Read Quote
Here is my general approach to the energy companies. You have already charged the utilities a 50 percent credit penalty for the power they were buying from you. You’re charging us a penalty. You’re not going to get two bites of the apple here. Gray Davis Read Quote
I know that Duke made a number of demands, including that the attorney general drop its investigation. We have no intention of asking the attorney general to do that. Gray Davis Read Quote
I’m doing my part, building plants at a record rate, having historic conservation levels. The only people not doing their part is the federal government that is siding with the energy companies against the interests of the people of California. Gray Davis Read Quote
