california s electricity woes a vision of the future views expressed are those authors and should not be attributed to thefederalreservebankofdallasorthefederalreservesystem based on presentation by stephen p brown director energy economics microeconomic policy analysis avp research department federal reserve bank dallas march 2001 1 accounts for one third us consumption 37 63 all other figure many states restructuring markets 2 has long been in vanguard national trends since mid 2000 experienced considerable number problems with its market including fluctuating prices shortages give reason take pause consider policies general is an important part infrastructure accounting more than if their similar effects would felt throughout economy nearly half considering doing so
