Lights out for California Real Estate?

  • October 3, 2001
  • • Written by: Andy Warren

Fall 2001, Vol 26, No 3

Abstract: In 1996, California began the process of deregulating its electrical power market. At that time, it was believed that deregulation would increase competition and the state’s electrical users would enjoy lower electrical power costs. What went wrong between then and now is a story that is being watched closely from California to Washington D.C. What is known for certain is that California finds itself with rising electricity costs and an infrastructure system that makes it very difficult to get power to where it is needed. What will be the impact on California’s commercial real estate markets?