Does Proposition 9 undo deregulation?
A. No. Proposition 9 is a surgical reform measure which will allow consumers and small business to share in the benefits of competition. In fact, the initiative will actually stimulate competition. Presently ratepayers who wish to choose a different company than the three former monopoly providers still must pay a subsidy tax to the old monopolies. Consequently, few competitors have actually offered electricity to residential or small business consumers. By ending these anti-competitive subsidies, Proposition 9 allows other electricity producers to compete and offer their electricity to consumers.
