With renewables, it doesn’t have to be all or nothing

California has long been a leader when it comes to electricity policy, but not always in a good way. Two decades ago, the state restructured its electrical markets as part of a then-nationwide trend toward deregulation. The basic idea behind California’s move — that consumers would benefit from more competition in electrical generation — was correct. After all, states like Texas show that electrical competition can be a great boon. Yet California pursued a “uniquely ill-d