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Non-Tech : Binary Hodgepodge
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To: 10K a day who wrote (156)6/13/2001 8:13:17 PM
From: ~digs  Read Replies (1) of 6763
 
California to pay companies to conserve power

June 9, 2001 Posted: 8:10 PM EDT (0010 GMT)



SACRAMENTO, California (Reuters) -- California Gov. Gray Davis signed an executive order Saturday clearing the way for the state to pay big businesses that help ease its energy crunch by volunteering to cut their power use during peak hours.

"Nearly 70 percent of energy usage in California is commercial," Davis said in a statement.

He said corporate energy conservation could help mitigate or avoid blackouts, which have been blamed on the state's flawed effort to deregulate its power market and its failure during the past decade to add enough power plants to satisfy the demands of California's growing population.

The state's worst blackouts came during two hot days in May, when outages in the Los Angeles and San Francisco areas left hundreds of thousands of people without power.

The California Department of Water Resources and the California Independent System Operator, which runs most of the state's power grid, will oversee the incentive program. It is expected to cost between $50 million and $100 million and will expire in October 2002.

In January, Davis declared a state of emergency due to California's energy crisis, which also has caused power prices to soar.

Copyright 2001 Reuters.
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