Well, I haven't had much time...
...to think up what he could do, but #1 would have been to get some relief for the non-Californian states (such as my home state, Washington) that were getting screwed over by the spew from California.
As I remember, the price gouging got WORSE outside of California, once the energy regulation committee (and no, I don't remember the name) clamped down on the California market, but then avoided clamping down anywhere else. Perhaps they should have done the opposite?
"He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you." - Friedrich Nietzsche