James Sweeney On California’s Electricity Woes

Last week’s decision by California utilities to halt power to about two million residents, to avoid downed electricity lines sparking wildfires, plunged parts of the Golden State into darkness – and begged the questions of why the world’s fifth-largest economy can’t keep its lights on. James Sweeney, a Hoover Institution senior fellow who studies electricity market problems, explains why this is a matter of risk management in America’s wealthiest and most populous state.

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