Byline: MICHAEL LIEDTKE Associated Press
SAN FRANCISCO -- A year after California's electricity price shocks began, regulators are continuing to build a case in an attempt to show how power wholesalers aggravated a crisis that so far has raised customer rates by $5.7 billion and dumped a $13 billion bailout bill on taxpayers.
The California Public Utilities Commission, Attorney General Bill Lockyer and the California Electricity Oversight Board say that out-of-state wholesalers illegally manipulated the market to create artificial supply shortages that have driven wholesale electricity prices as high as $1,900 per megawatt hour.
Before California's …
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