Copley News Service, 02/13/2001
California Gov. Gray Davis and the state's Democratic legislature are starting to seize control of the energy industry in order to ''manage'' the state's power crisis, but Democratic Sen. Diane Feinstein has a better idea. According to Investors Business Daily, she wants expedited permitting for new power plants and true market pricing. As the senator points out, ''Absent that, there is no incentive to conserve.'' To which I would add, there's no incentive to increase supply, either.