The Wall Street Journal took a look Friday at California's climate-change leadership. The article fairly defines the state:

• Compromising their ability to deliver adequate power
• A harbinger of problems to come in other states
• Likely to miss the goal by five years or more
• Identified problems with constructing sufficient transmission capacity
• Find itself uncomfortably tight on power by 2011 if problems continue to pile up
• One way or another...consumers will bear those costs
• Regulations are putting existing power plants under pressure
• Near term...power shortages.
• It could cost $114 billion or more to meet the 33% mandate
• A possible energy shortfall in certain places if the economy rebounds any time soon

If one must find a silver lining I guess it is that their non-competitive policies will most likely mitigate that last one.