The following is a link to the Bureau of State Audits' March 2001 report
"Energy Deregulation; The Benefits of Competition Were Undermined by
Structural Flaws in the Market, Unsuccessful Oversight, and
Uncontrollable Competitive Forces" which was referenced in today's
Select Committee to Investigate Price Manipulation of the Wholesale
Energy Market hearing.

http://www.bsa.ca.gov/bsa/pdfs/20001341.pdf