Prop 80 is a common-sense consumer initiative
that will help prevent energy blackouts
and massive fraud by unregulated private
energy producers like Enron. It will repeal
failed energy deregulation policies, put
utilities back in the business of serving
the public, and encourage development
of more renewable energy sources. The
ultimate result will be more affordable
energy for all Californians.
Based on Assembly Bill 2006, vetoed by
Governor Schwarzenegger last year, Prop
80 would prevent a repeat of the biggest
policy mistake in California's history.
Electricity deregulation brought California
rolling black-outs, markets manipulated
by corporate profiteers, and cost the
state—and consumers—tens of billions of
dollars.
Prop 80 would restore the obligation
of large electricity companies to serve
the public. It would require all electricity
providers to maintain adequate reserves,
as was the case before deregulation. It
would decrease the state's dependence
on expensive fossil fuels
by speeding up the state's 20% renewable
energy requirement from 2017 to 2010.
Vote YES on Proposition 80.