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Direct Access Dumped by California Utilities Commission.(consumers to not have direct access to electricity market)(Brief Article)
SAN FRANCISCO -- The California Public Utilities Commission (CPUC) in September voted to immediately suspend consumers' "direct access" to independent power retailers, jettisoning the core of the state's failed plan to deregulate its electricity industry.
The move, according to a Reuters news story, makes it easier for the state to tap revenue from retail power sales needed to fund a record high $12.5 billion bond issue planned for later this year. The bond issue would be used to repay the state Department of Water Resources (DWR) for its emergency power purchases.
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