Last week’s decision by California utilities to halt power to about two million residents, to avoid downed electricity lines sparking wildfires, plunged parts of the Golden State into darkness – and raised the question of why the world’s fifth-largest economy can’t keep its lights on. James Sweeney, a Hoover Institution senior fellow who studies electricity market problems, explains why this is a matter of risk management in America’s wealthiest and most populous state.
Subscribe to Area 45 in Apple Podcasts (and leave a 5-star review, please!), or by RSS feed. For all our podcasts in one place, subscribe to the Ricochet Audio Network Superfeed in Apple Podcasts or by RSS feed.