Bound by the rules

- By Risk Staff
- 06 Dec 2003

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Two years after the California spot market was shut down amid allegations ofwidespread manipulation and gaming strategies in the wholesale electricity markets,Californians will enter the New Year with a new set of rules governing electricitytrading. After several years and cadres of regulators, lawyers and investigatorsunravelling the California energy crisis of 2000 and 2001, would-be market manipulatorswill face strong new deterrents in 2004.

Investigations into the crisis, in which exorbitant

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