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In our study of California's power crisis, we noted that electric utilities in the state became very highly exposed to the spot electricity market. Which of the following factors did not contribute to this exposure? Prohibition of long-term contracts All of these contributed to the exposure of California's utilities to the spot electricity market Few California electricity customers found alternative generation suppliers Divestiture of generation assets According to the material presented in the course, which of the following was not a primary contributing factor to California's power crisis? Increasing electricity demand Market manipulation by power generators Natural gas shortages Regulations imposed by the Federal Energy Regulatory Commission