31.   Currently, utilities can buy and sell power only through the California Power Exchange, a state-run electricity marketplace.

32.   Deregulation created an extraordinarily complex system for buying and selling power.

33.   During the current crisis, the city has been selling surplus power to the state.

34.   Electricity sales had for decades been the job of local utility companies, operating as monopolies and selling power at regulated rates within their service areas.

35.   Enron says it also plans to sell power to homes, offices and factories in several of these states.

36.   Enron also expects to sell power directly to consumers in several Northeast states within a few years.

37.   Eventually, Panda opened plants in Roanoke Rapids, N.C., and Brandywine, Md., selling power to nearby utilities.

38.   For years, APS and other U.S. utility companies have sold power to the CFE.

39.   Given that reality, some generating companies have reportedly been unwilling to sell power to the utilities, which has aggravated the shortages.

40.   Generators, mainly owned by out-of-state companies, produce power and sell it wholesale to utilities, which then sell retail power to consumers.