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| | Distributed Energy Program: The California Electricity Crisis |
 | | California, with the 10th-highest electricity prices in the country, was the first state to enact electric restructuring legislation in 1996. | | | Despite the electricity discount, the retail price was still substantially above the wholesale price, which allowed the electric utilities to pay off debts that had been incurred while they were in the previous tighter regulatory environment—debts that utilities had no way to pay off in a truly competitive market. | | | For the rest of the state, fixed retail electricity prices meant utilities paid more for electricity than they were able to sell it for. |
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http://www.eere.energy.gov/de/ca_elec_crisis.html
(657 words)
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| | California electricity crisis - Wikipedia, the free encyclopedia |
| | When electricity wholesale prices exceeded retail prices, end user demand was unaffected, but the incumbent utility companies still had to purchase power, albeit at a loss. | | | Then, in 2000, wholesale prices were deregulated, but retail prices were regulated for the incumbents as part of a deal with the regulator, allowing the new power producers to recover the cost of assets that would be stranded as a result of greater competition. | | | The financial crisis meant that PGandE and SoCalEd were unable to purchase power on behalf of their customers. |
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http://en.wikipedia.org/wiki/California_electricity_crisis
(2628 words)
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| | GeoInvestor: Power Politics: Drawing Lessons from California's Electricity Crisis |
| | California utilities, until recently, were barred from entering into futures contracts to buy power ahead of time and had to purchase all of their power through Cal-ISO and the PX at spot prices. | | | Demand for electricity in California, meanwhile, is expected to grow steadily in coming years, largely as a result of continued strong expansion of the state economy, population growth and increasing consumer purchases of appliances, computers and other electricity-consuming items. | | | Despite the pivotal importance of transmission, California official are mired in local politics when it comes to instituting a streamlined approval process and allowing utilities to recover their costs through market pricing at the retail level. |
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http://www.geoinvestor.com/archives/fpgarchives/oct1900powerpolitics.htm
(12127 words)
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| | The California Electricity Crisis: Lessons for the Future |
| | California's financial crisis was the result of the state government's mismanagement of the electricity crisis. | | | California should encourage private-sector investment and the development of new generating capacity to decrease the risk of shortfalls in supply. | | | Thus, the problem in California was not electricity deregulation; it was price regulation at the retail level and rigid regulation prohibiting long-term contracts at the wholesale level. |
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http://www.nae.edu/nae/bridgecom.nsf/weblinks/MKEZ-5B7JJ2?OpenDocument
(3846 words)
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| | Myth and Reality in the California Energy-Crisis Debate |
| | The agreements allow them to generate beyond their current emission limits contingent on certain conditions, including the expeditious installation of emission controls, payment of fees to be used for mitigation of emissions, and deductions from future emission credit allocations. | | | Any price impact due to pollution control requirements is temporary and is due in large part to the failure of electricity generators, refineries and other emission sources to install cost-effective controls to meet their credit allocations. | | | Myth: California's air quality and public health protections are responsible for the high wholesale electricity prices of recent months. |
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http://www.ecoworld.com/Home/articles2.cfm?TID=261
(1832 words)
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| | AWEA News Release - Wind Energy Can Help Ease California Electricity Crisis |
| | As California battles this summer with power outages and price spikes on the state's power exchange and consumer bills, some electric utility professionals are noticing the steadying, buffer impact of the state's investments in wind and other forms of renewable energy. | | | AWEA also calls on the California legislature to pass Senate bill 1194 (Sher) and Assembly Bill 995 (Wright), which seek to enhance the reliability of the state's electrical system, in part, through continued investments in renewable energy projects. | | | The current cost for wind projects with up-to-date technology is 4 to 5 cents per kWh at good sites like the San Gorgonio pass in southern California, where most of the projects are operating under utility contracts for a period of 20 to 30 years. |
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http://www.awea.org/news/news000823ca.html
(830 words)
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| | Perspectives: on California’s Electricity Crisis |
| | In the short run, the retail price of electricity charged to consumers must be allowed to rise to cover a more representative part of the wholesale cost utilities pay for that electricity. | | | The price which utilities could buy electricity was deregulated, but government capped the price at which utilities could sell that power to consumers. | | | Thus, when the current spot price of electricity began to soar, the utilities faced bankruptcy with skyrocketing wholesale prices, but a low government-controlled retail price. |
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http://www.pacificresearch.org/press/kqed/2001/kqed_01-01-09.html
(406 words)
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| | NRDC: California Overcomes an Electricity Crisis |
| | The nation's most energy efficient state has been accused of profligacy; its power-plant siting system has been characterized as obstructionist; and the failure of blackouts to materialize during the summer of 2001 has been credited to good weather, a sinking economy and punitive price increases. | | | Data are from reports of the California Employment Development Department, Labor Market Conditions in California. | | | Long-term solutions, for the West and the nation as well as California, will require significant additional investments in a balanced portfolio of energy efficiency improvements, transmission grid enhancements, and generating resources. |
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http://www.nrdc.org/air/energy/acrisis.asp
(958 words)
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| | Morrow’s Principles for Resolving California’s Electricity Crisis |
| | Guarantee that electricity prices are stable, rather than volatile, so that homeowners and businesses may budget properly. | | | Recognize that innocent ratepayers will not be unfairly penalized for the wholesale debt accumulated by private utility companies — a situation caused primarily by market mismanagement by utility companies, price gouging by power producers, miscalculation by state and federal government planners, and inappropriate regulating by state and federal government bureaucrats. | | | Take all reasonable measures — which do NOT include massive ratepayer or taxpayer bailouts -- to protect California’s investor-owned (private) utility companies from going bankrupt. |
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http://republican.sen.ca.gov/opeds/38/oped679.asp
(223 words)
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| | Amazon.com: The California Electricity Crisis: Books: James L. Sweeney |
| | The domino effect of rolling this debt into a bond was the state deficit crisis of 2003 resulting in recall of the governor. | | | James L. Sweeney examines how the opportunity for restructuring was turned into risk, how challenges of increased demand for electricity and escalating wholesale costs were mishandled, and how the growing crisis ultimately turned into disaster. | | | Finally, a State Power Authority was created to roll the stranded debt into a general obligation bond rather than raise electricity prices which would have thrown politicians out of office. |
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http://www.amazon.com/exec/obidos/tg/detail/-/0817929126?v=glance
(1184 words)
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| | California electricity crisis |
| | The cost of all the generating equipment that were sold by the utilities in the buy-out was about $3.5 billion. | | | The only thing that changed was the creation of the wholesale and retail electricity markets - simply financial devices to manipulate price. | | | 3) At the current rate, by late Fall, California will pay over $70 billion to buy electricity (which it then gives to the utilities so they can sell it to households, with vague promises of repayment later on). |
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http://www.lrna.org/8-topic/cal0415.html
(326 words)
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| | AWEA News Release - California Electricity Crisis Spurs Sales of Home Wind Systems |
| | "With the enormous uncertainty about future electricity supplies and costs in California, there is a clear opportunity here for both state and local governments to take action to encourage small wind systems because of the public benefits that they provide to the community," said Swisher. | | | The wind turbines have no operating costs, so homeowners can recoup their initial investment in six to 10 years. | | | "This rebate, which is funded by a public benefit charge and encourages customers to invest in wind energy systems, is proving to be a wise investment for California," said AWEA executive director Randall Swisher. |
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http://www.awea.org/news/news010213csw.html
(1258 words)
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| | Subject: California Electricity Crisis: Case Study |
| | California is that "stakeholder" governance, as in the governing boards | | | at the time the electric sector was restructured. | | | buying electricity for more than they are able to sell it for. |
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http://www.csulb.edu/~tazarmi/summary-CA-energy.html
(7961 words)
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| | California Electricity Crisis Calls For Urgent, Practical Solution, EEI Says |
| | Two California utilities have been unable to recoup the high prices they have paid for wholesale electricity in recent months because of a 1996 industry deregulation law. | | | California Electricity Crisis Calls For Urgent, Practical Solution, EEI Says | | | Edison Electric Institute (EEI) is the association of U.S. shareholder-owned electric companies, international affiliates and industry associates worldwide. |
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http://www.eei.org/newsroom/press_releases/010122.htm
(380 words)
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| | URGENT ACTION REQUIRED – California Electricity Crisis |
| | At this time, it is urgent for each resident to follow these conservation steps to decrease energy consumption. | | | However, this effort is coming at a significant cost to the entire university and to University Housing Services. | | | Re: URGENT ACTION REQUIRED – California Electricity Crisis |
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http://www.csupomona.edu/~housing/update61.htm
(511 words)
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| | The California electricity crisis: overview and international lessons |
| | As California has demonstrated, when the market determines planning, retail consumers can be priced out of the market | | | For them electricity is just another commodity, a way of making money. | | | the lesson to be drawn across the United States and internationally is clear: liberalise electricity at your peril. |
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http://www.eldis.org/static/DOC8861.htm
(351 words)
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| | California Energy Crisis - Los Angeles Times |
| | Federal regulators took steps Thursday to implement provisions of last year's energy bill, establishing rules to limit the chances of blackouts and giving wholesalers more time to buy space on the nation's power grid. | | | Duke Energy Corp., the largest U.S. utility owner, agreed Monday to sell most of the plants operated by its money-losing wholesale power business to an investment fund for about $1.54 billion. | | | Customers of California's private utilities will underwrite the $3-billion program. |
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http://www.latimes.com/business/local/power
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| | SSRN-California's Electricity Crisis by Paul Joskow |
| | It then discusses the structure of the wholesale and retail markets and associated transition institutions created in 1996-98 and the performance of these institutions during their first two years of operation. | | | The paper concludes with a discussion of lessons about electricity market liberalization gained from the recent experience in California. | | | This paper discusses the political, regulatory and economic factors that led to California's electricity crisis in 2000 and 2001. |
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http://papers.ssrn.com/sol3/papers.cfm?abstract_id=281073
(374 words)
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| | California electricity crisis |
| | Interesting too that Deregulation was supposedly to take government out of the electricity business; so now the state government buys the (non-profit-producing) grid and gets back into the electricity business. | | | This means that the state has simply given the utilities at least $37,000,000,000 - that's billions. | | | Grossman has a very good article on California's situation in the March 21, 2001 issue of the Bay Area Guardian (p. |
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http://www.lrna.org/8-topic/cal0330.html
(247 words)
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| | Lessons from the California Electricity Crisis |
| | The paper concludes with recommendations for how FERC should change the way it carries out its statutory mandate to set just and reasonable wholesale prices and how state PUCs should revise their retail market policies to prevent a future California crisis. | | | This requires a clear understanding of the federal and state regulatory infrastructure that governs the US electricity supply industry. | | | The paper then describes the important regulatory decisions by FERC that allowed what was a very solvable problem develop into a full-fledged economic disaster during the latter part of 2000. |
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http://repositories.cdlib.org/ucei/csem/CSEMWP-110R
(307 words)
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| | CALIFORNIA’S ELECTRICITY CRISIS |
| | This program provides qualified low-income customers with a 15% discount on their electric bills. | | | Under this program, customers who for medical reasons require electrically operated equipment or have an illness that requires controlled heating and cooling to be billed at a lower rate for a portion their electrical service. | | | Information about this program can be obtained from SCE by calling 1-800-447-6620. |
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http://www.palosverdes.com/rpv/news/content/20010118_energy_crisis.htm
(408 words)
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| | Status of the California Electricity Situation |
| | Trends in California's Electricity Retail Prices Fact Sheet | | | The publications cited are developed from data collected from respondents to various electricity surveys managed by the EIA, as well as information on the California Power Exchange and ISO. | | | Electricity Shortage in California: Issues for Petroleum and Natural Gas Supply |
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http://www.eia.doe.gov/cneaf/electricity/california/california.html
(96 words)
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| | t r u t h o u t - Jason Leopold Fitzgerald Focuses on Missing White House Emails |
| | Fitzgerald has also been dealing with high-profile criminal cases in Chicago while the grand jury in the Plame Wilson case familiarizes itself with the probe. | | | Jason has spent the last year cultivating sources close to the CIA leak investigation, and is a regular contributer to t r u t h o u t. | | | Jason Leopold spent two years covering California's electricity crisis as Los Angeles bureau chief of Dow Jones Newswires. |
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http://www.truthout.org/docs_2006/020306J.shtml
(902 words)
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| | Science Books Business Tech Store |
| | Ink Sandwiches, Electric Worms, And 37 Other Experiments For Saturday | | | The Origin Of Species And The Voyage Of The Beagle |
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http://www.1-online-stores.com/books_business_tech/Science
(464 words)
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