“It is a conspiracy theory that would make Oliver Stone blush, but the pieces fit
so perfectly well together that it has an eerie ring of truth. The theory: California
utilities and a Texas-based power cartel purposely turned the lights out to pressure
California’s governor and Legislature into a lucrative bailout.
If this theory is correct, it would be one of the most outrageous examples of
corporate exploitation ever perpetrated. This is not just because of the tens of
billions of dollars to be transferred from Californians to corporate interests. It is also
because the crisis may well drag the rest of the nation into a nasty recession.
Let’s look then, at the facts and logic supporting the ‘blackout-bailout’ theory.” LA Times