Loretta Lynch of the Public Utilities Commission says, This commission and all of California was beating down the door of federal regulators to say help us impose reasonable price caps to help to keep our market stable. Federal regulators did ask for longer-term contracts between power producers and the utilities to stabilize prices. The federal commission, unavailable for comment on this story. released a recent statement defending its position not to re-regulate Federal Energy Regulatory Commission Dec. 15, 2000: "The commission s intention is to enable the markets to catch up to current supply and demand problems and not to reintroduce comm and control regulation that has helped to produce the current crisis. Some energy experts believe that, without temporary price caps, the crisis will continue. Severin Borenstein of the U C. Energy Institute says, "Some federal regulators have a blind commitment to making the market work and i think part of the problem is they really don understand what s going on. ng federal regulators understand far better than any individual state that, though it might uhm and it certainly is painful in California, price caps dont work. They never work 16. The battle between Californians and federal regulators is about A)control over the p B)necessity of removing price caps C)hiking the energy prices in California D)a regulation concerning power supply 17. Governor Gray Davis was dissatisfied with the Federal Regulatory Commission because A)they did not know what the real problem was B)the life y t C) they could not the li San d D)they turned a blind eye to the situation in Califorr 18. The Federal Commission uncapped the energy price with the intention te A)help Californias economy booming steadilyLoretta Lynch of the Public Utilities Commission says,” This commission and all of California was beating down the door of federal regulators to say‘help us impose reasonable price caps to help to keep our market stable.” Federal regulators did ask for longer-term contracts between power producers and the utilities to stabilize prices. The federal commission, unavailable for comment on this story, released a recent statement defending its position not to re-regulate. Federal Energy Regulatory Commission Dec. 15,2000: “The commission s intention is to enable the markets to catch up to current supply and demand problems and not to reintroduce command and control regulation that has helped to produce the current crisis.” Some energy experts believe that, without temporary price caps, the crisis will continue. Severin Borenstein of the U.C. Energy Institute says,“Some federal regulators have a blind commitment to making the market work and I think part of the problem is they really don t understand what s going on.” Gary Ackerman of the Western Power Trading Forum says,“He’s dead wrong about that. The federal regulators understand far better than any individual state that, though it might be painful and it certainly is painful in California, price caps don’t work. They never work.” 16. The battle between Californians and federal regulators is about . A) control over the price of power B) necessity of removing price caps C) hiking the energy prices in California D) a regulation concerning power supply 17. Governor Gray Davis was dissatisfied with the Federal Regulatory Commission because . A) they did not know what the real problem was B) they were living an easy life in an ivory tower C) they could not experience the life in San Diego D) they turned a blind eye to the situation in California 18. The Federal Commission uncapped the energy price with the intention to . A) help California’s economy booming steadily