Gray Davis Quotes

Deregulation [of electricity] does not work unless you have more power than you need.

 
Context
California deregulated it’s electrical utilities who sold their generating capacity to others. As power consumption grew, there was not enough generating capacity in California and the state had to buy on the open market where they were gouged. The cost of electricity soared by 450 percent in the first year alone.
Gray Davis
Gray Davis
  • Born: December 26, 1942
  • Nationality: American
  • Profession: Politician

Joseph Graham "Gray" Davis Jr. is a retired American politician and attorney who served as the 37th Governor of California from 1999 to 2003. A member of the Democratic Party, only a few months into his second term, in 2003 Davis was recalled and removed from office, the second state governor successfully recalled in U.S. history. Prior to serving as governor, Davis was chief of staff to Governor Jerry Brown (1975–81), a California State Assemblyman (1983–87), California State Controller (1987–95) and the 44th Lieutenant Governor of California (1995–99). Davis holds a B.A. in history from Stanford University and a J.D. from Columbia Law School. He was awarded a Bronze Star for his service as a Captain in the Vietnam War.