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This page supplements the myth "In California, an ignorant Legislature imposed deregulation of electricity, victimizing both the investor-owned utilities and their customers" in my Energy Myths.
|Atlantic Richfield, sells fuel to electric utilities||$10,000|
|Chase Securities, investment bank||$10,000|
|Chevron, sells fuel to electric utilities||$25,000|
|Commonwealth Edison, Mid-West electric utility||$250,000|
|Edison Electric Institute, electric utility trade group||$200,000|
|Goldman, Sachs, investment bank||$25,000|
|Hewlett Packard, electronics||$10,000|
|Lehman Brothers, investment bank||$100,000|
|Morgan Stanley, investment bank||$250,000|
|New Century Services, Rocky Mountain electric utility||$10,000|
|Pacific Gas & Electric||$17,392,849|
|Public Service Enterprise Group, East Coast electric utility||$100,000|
|Redwood Securities Group, investment bank||$12,000|
|Salomon Smith Barney Inc. (and its PAC), investment bank||$50,000|
|San Diego Gas & Electric||$320,000|
|Sempra Energy, "The Gas Company" in California now owns San Diego Gas & Electric and also electric utilities in other states||$3,926,599|
|Southern California Edison and its parent Edison International||$17,575,331|
|Southern Company Services, electric utility in south-eastern U.S.||$50,000|
|Texaco, sells fuel to electric utilities||$10,000|
Bold indicates utilities and oil companies.
Of more than $40,300,000 raised to defeat Proposition 9 and thus keep deregulation, 99.9% was in donations of $10,000 or more. The consumer groups that supported Proposition 9 raised a little more than $1,400,000, 5.3% of which was in donations of $10,000 or less. The total dollar amount of those "small donations" in support of Proposition 9 were actually 63% greater than the "small donations" opposed to it. With only 3.4% of the funding, the supporters did receive over 26.5% of the votes.
Source: California Secretary of State