Dylan asks how can PG&E operate as a capitalist enterprise in what is historically a highly regulated business?
Policy makers learned their lesson during the California energy crisis, Darbee says. Former California Governor Gray Davis was recalled in part because of how he handled the energy crisis. We’ve convinced regulators they need to let us hedge -- to smooth out the impact on customers.
Eric Bolling wants to know how NYMEX trading uranium will impact PG&E.
It might increase the liquidity in the market, answers Darbee. And perhaps add more volatility. The supply of uranium has remained pretty constant over the past decade, he explains, and now the demand is going up substantially. Consequently price is going up.
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