California could afford the power purchased from Arizona and other places, but they just kept raising the prices artificially, it's a regulated industry the prices shouldn't just go up with supply/demand.
If it was deregulated it would because private businesses have to stay profitable or go out of business. And then yes, Cali would be in a heap of shit, but the issue with energy buying is that there were no checks enforced with the price rising.
Now they got tapes of the conversations of them saying "We rape california and they just pay (laughter)".
If I get time later i'll find it.
I might vote for bush again if he calms down on his religious views.