Several news items caught my attention recently.
In California, Gov. Gray Davis may face a recall vote in October.
Among the reasons for voters' dissatisfaction is the state's 2000-01 energy crisis.
While who should bear the blame is debatable, the facts of what happened are clear - demand exceeded supply and prices in the newly deregulated markets spiraled out of control.
Regulators and lawmakers regained control with emergency measures, and things are fairly back to normal in California. But hard lessons were learned by everybody - policy makers, regulators, utilities, consumers, and even other states that were pondering changes in the how they regulate their utilities.
Meanwhile, on the Atlantic coast, another story is unfolding that hasn't received nearly as much media attention, but might in the near future.