Essay On Handful Of Unregulated Companies

California UtilityCalifornia UtilityChris Parker482.004Dr. SingerIn 1996 deregulation allowed California utility companies to sell power plants and collect over 19 billion dollars in ratepayer subsidies. The money was used to purchase plants in other countries, reward executives with huge pay raises and buy back stock. A handful of unregulated companies withheld power, causing shortages to boost.