"The California Electricity Crisis" offers a comprehensive analysis of the challenges California faced during its energy crisis from 2000 to 2001. The book examines the causes of the failure of the restructured energy markets and the far-reaching economic and political consequences that are still felt today. The authors, Charles J. Cicchetti, Jeffrey A. Dubin, and Colin M. Long, shed light on the financial difficulties of the state's three major utility companies and the different paths these companies have taken towards recovery. The work aims to reconcile the principles of competition and regulation to restore California's economic vitality and develop new, sustainable power supply systems. The analysis provides valuable insights into the pragmatic approaches that have been successful in the past and discusses the lessons that can be learned from this crisis to address future challenges.