It was yet another demonstration of how electricity deregulation has gone wrong.

So what does this say about electricity deregulation?

"The management team at Panenergy will be helpful to point the way in electricity deregulation."

As the now-receding California crisis demonstrated, electricity deregulation has not gone smoothly.

The entire state is to be opened to electricity deregulation by July 2000.

Despite this, many economists still think that electricity deregulation will work.

Despite its flaws, electricity deregulation, which has proceeded for more than a decade, should eventually benefit consumers, industry experts say.

"Unfortunately, Enron will live on as a symbol for everything that has gone wrong with electricity deregulation."

What you will read now are pieces from several stories on the theory and practice of electricity deregulation.

Many politicians blame electricity deregulation, and business people fear a rollback.