High-speed rail line is tremendous waste of taxpayer money
When the definitive history of California boondoggles is written, this one will loom above all others. You would think after the outrageously failed Los Angeles Metro Rail that we'd have learned our lessons.
The bond now being proposed doesn't pay for the entire project -- $25 billion or so before we begin accounting for cost overruns. It is enough to suck us into this quagmire.
Source: State Senate website, www.sen.ca.gov, "Issues Directory"
May 29, 2002
Californians are overpaying for energy
California officials committed consumers to long-term energy contracts at unprecedented prices.
Californians are now paying an estimated $14 billion above the market price for this power - unnecessarily adding about $1,400 to an average consumer's electricity bill.
Source: State Senate website, www.sen.ca.gov, "Issues Directory"
May 15, 2002
Gov. Davis responsible for energy overpricing
In January, the Governor declared that a cornerstone of his energy policy was to prevent utility bankruptcies.
To do so, he substituted taxpayer funds for the utilities' capital - plunging the state into the power-buying business on behalf of those utilities.
Source: State Senate website, www.sen.ca.gov, "Issues Directory"
May 15, 2002
Change in governorship required for energy recovery
Will Californians be locked into sky-high electricity prices for years to come? Without a fundamental change in California's current regime, the law's last line of defense is again the courts.
Source: State Senate website, www.sen.ca.gov, "Issues Directory"
May 15, 2002
