Well, it is two years too late. But federal regulators are now admitting that the California energy crisis was brought about by market manipulation.
Better late than never, I suppose. But, the fight is not over. As Governor Gray Davis (D) argues:
"Show me the money," California Gov. Gray Davis declared. "Where's the $9 billion that we've been asking for, for two years? That is when I'll finally feel vindicated, when we get the money back that these energy companies stole from this state."We will soon learn whether the federal regulators so late to realizing the illegal games being played by energy companies will back up their words with some real action.
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