Here is a a nice description of the California electricity crisis: https://en.wikipedia.org/wiki/California_electricity_crisis. Here are some money quotes.
"California had a shortage of electricity supply caused by market manipulations, illegal shutdowns of pipelines by the Texas energy consortium Enron, and capped retail electricity prices." (Highlight added from emphasis.)
"the Death Star group of scams played on the market rules which required the state to pay 'congestion fees' to alleviate congestion on major power lines". Who set and enforced the market rules? Answer: a regulatory board in CA.
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