The recent near-catastrophic collapse of California's electrical power system raised important questions about power deregulation. Although there are as many explanations for what occurred as there are proposed solutions, the full story of the decisions and events leading to the January 2001 blackouts has not been told. Walsh, editorial director of Silver Lake Publishing and the author of several books on consumer issues, attempts to provide one. Unfortunately, his cynical biases against industry and lobbyists make it difficult to accept his conclusions. For example, Walsh defines lobbyists as "the opportunistic band of lawyers, former politicians and staffers and industry moneymen that influence legislation in state or national capitols." This jaded perspective so pervades the account that there is little in the way of objective analysis. The book is most useful when it strictly chronicles factual events and lists basic information names, dates, etc. But without knowledge of the author's sources (a bibliography and footnotes are absent), these remain questionable as well. Recommended only for the largest public libraries with exceptional resources. Thomas J. Baldino, Wilkes Univ., Wilkes-Barre, PA Copyright 2002 Cahners Business Information.