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San Francisco Chronicle follows the controversies surrounding the energy crisis in California over a 10-month period. The package of stories examines the political manipulations relating to the talks between the energy companies and the state and federal regulators. Some of the articles also look at how the energy deregulation approach has been applied in other states and with what results. One of the findings is that "despite the huge run-up in prices and revenues, only a handful of regulators today can say whether the energy wholesalers are engaged in brazenly illegal price-fixing, merely unethical market manipulation or just good business." The investigation exposes "the veil of official secrecy that allows the companies to bid on lucrative energy deals behind closed doors."

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