How LA Escaped California's Energy Crisis

As California reels in the midst of wild fluctuations in electricity prices, possible rolling brownouts, and a growing gap between supply and demand, the City of Los Angeles Department of Water & Power has become the poster child for how to do it right. In fact, the Department has done quite well financially in the months since deregulation. Metro Investment Report speaks with DWP General Manager David Freeman about what has led up to this "full-fledged" crisis, the steps we must take to get out of it (heavily focusing on conservation), and why a commodity like electricity must operate with at least some level of regulation. And what to do about siting new power plants? It's simple: tear down the old ones and replace them with facilities that produce twice the power and half the pollution.