California energy crisis (2000-2001)
Rolling blackouts hit California as energy markets were manipulated and utilities faced insolvency. PG&E filed for bankruptcy protection in April 2001, owing billions.
PG&E emerged from bankruptcy in 2004 after restructuring. The state spent billions on long-term power contracts.
The crisis reshaped California's energy policy and left lasting public distrust of utility companies.
Shows how energy system failures in California lead to political upheaval and utility restructuring — the same dynamic driving San Francisco's public power push.
