The document summarizes the California energy crisis and Enron's collapse, discussing whether deregulation can be blamed. It focuses on the differences between California and Brazil's deregulation models, noting that California's was "botched" while Brazil's is a work in progress. It concludes that deregulation itself did not cause the problems, and that there are successful deregulated markets, so Brazil can learn from both successes and failures.

1. Special Presentation The California Crisis and the Enron Debacle Will Deregulation Survive ? IEEE Luiz Maurer São Paulo, SP March 22, 2002

3. DEREGULATION OF THE POWER SECTOR IN 2001

7. FOCUS OF THIS PRESENTATION

8. FOCUS OF THIS PRESENTATION

9. CALIFORNIA AND ENRON IN A SNAPSHOT

13. ENRON INVOLVEMENT IN THE CALIFORNIA CRISIS

16. CAN WE BLAME IT ON DEREGULATION?

19. HAVE ENRON AND DEREGULATION CREATED ANY VALUE TO SOCIETY?

24. RELEVANCE OF THIS DISCUSSION TO BRAZIL

28. IN CONCLUSION

30. APPENDIX DEREGULATION MODELS IN BRAZIL AND CALIFORNIA