http://hosted.ap.org/dynamic/stories/D/DAVIS_ENERGY?SITE=OHCPO&SECTION=HOME&TEMPLATE=DEFAULT
SAN FRANCISCO (AP) — Former California Gov. Gray Davis now admits he was unprepared for the state’s 2000-2001 energy crisis that sent electricity bills soaring, brought rolling blackouts and helped bring an early end to his political career.
The former Democratic governor said he erred by buying power at inflated rates during the height of the crisis, when utilities were not able to keep up with demand, but said he acted because he “wasn’t willing to risk” sustained blackouts.
“Did it turn out to be a mistake? Yes,” Davis said during a speech Friday before the Commonwealth Club of California.
Davis was recalled by voters and replaced by Gov. Arnold Schwarzenegger in October 2003, just a year after winning a second term.