The rest of the electric utility industry sees California as a troubled place ever since the days of rolling blackouts from Enron's market manipulation. I'm not

The rest of the electric utility industry sees California as a troubled place ever since the days of rolling blackouts from Enron's market manipulation. I'm not sure if it's the regulatory environment or the market or utility management or what, but they've had a lot of problems. It will also be interesting to see how California deals with blackouts as they pursue their renewable energy targets. The average day with renewables is not a problem, but once we get to a majority renewable grid and there's a multi-day stretch of low solar and wind output, it will be interesting to see whether they can deploy enough gas, storage and conservation to cover the demand. ERCOT (Texas) almost had blackouts this summer when low wind and high demand led to a $90/kWh energy price. Blackouts aren't the end of the world, but more of them will force us to deploy backup power much more aggressively than we do now.