Between May 2000 and January 2001, recently deregulated market power in California experienced what many commentators have described as a crisis. During this period, wholesale electricity prices have increased by 500%, the power of emergency and the threat of rolling blackouts are a daily event, and the largest investor-owned utility of the state was thrust into bankruptcy. California's attempt to deregulate the details of its wholesale and retail electricity markets. "Hide
by Nabil Al-Najjar, David Besanko, Amit Nag Source: Kellogg School Management 23 pages. Publication Date: January 1, 2004. Prod. #: KEL004-PDF-ENG
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