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In Times of Crisis

Does less media hype mean the energy crises are over-or do we just miss Enron?

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This story appears in the August 2002 issue of Entrepreneur. Subscribe »

A year ago, an energy crisis had businesses in California reeling. Today, the blackouts have stopped rolling, but energy prices remain far above pre-crisis levels. And, despite regulation, legislation, conservation and other efforts, there's nothing to prevent a repeat of the crisis-in California or elsewhere.

Victor Critchfield, 38, who was interviewed for an April 2001 Entrepreneur article on the crisis ("Feeling Powerless"), says the blackouts weren't so bad. "But the other story is how much my electricity bill is now," says the owner of BPM Records in San Francisco. Bills for his 750-square-foot dance-music store have doubled to $250 or $260 a month.

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