> 1990’s California Energy breakups were basically a net negative for customers allowing energy market speculation and manipulation This was basically a regula

> 1990’s California Energy breakups were basically a net negative for customers allowing energy market speculation and manipulation This was basically a regulatory failure. They broke up the energy market on paper but without making it feasible for new entrants to actually enter the market, which is the sine qua non of making this work. So then the incumbents purposely constrained generating capacity to spike the prices.