Arnold says, hey it failed…

Arnold says, hey it failed miserably once, so let’s try it again

From Rough & Tumble quoting the WSJ

Schwarzenegger May Return To Energy-Deregulation Model —

California, the first state to pull the plug on electricity deregulation, may now be the first to hop back on the deregulation bandwagon under new Gov. Arnold Schwarzenegger.

Aides to Mr. Schwarzenegger and the governor-elect’s own position papers say the new Republican administration will take California back in the direction of open electricity markets, most notably by giving big energy consumers the right to choose among suppliers.

Big users were stripped of that right after Gov. Gray Davis signed $43 billion of long-term energy supply contracts in 2001.

Note that Arnold wants deals for big energy users, not the general public. Why am I not surprised?