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Politics : PRESIDENT GEORGE W. BUSH
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To: TigerPaw who wrote (225781)2/7/2002 12:05:05 AM
From: DavesM  Read Replies (1) of 769670
 
TigerPaw,

re:Timing of the CA power crisis.

Actually, I believe that in July of 2000, San Diego Gas and Electric complained to the FERC that California wholesale power markets were out of control and broken. I believe that summer, the Governor of California ordered that State Offices reduce electrical power consumption by at least 5% that summer.

On July 27, 2000, the Office of the Governor had a Press Release that called for wholesale price caps on electricity.

"Governor Davis today called on federal and state regulators to take swift action to extend the caps on wholesale electric rates in California and provide San Diego ratepayers with millions of dollars in refunds"

The governor said that the "current situation is unjust and totally unacceptable". "When California deregulated the electricity market in 1996, consumers were promised that competition in the marketplace would be mature enough to ensure stable if not reduced, prices. That is clearly not the case in California. The result is uncontrolled price spikes with no end in sight"

Governor Davis also sent a letter dated July 27, 2000 to the Chairman of the FERC asking that State Agencies be granted the authority to cap wholesale power at the "lowest reasonable level".

This is all available from the Governor's Official website (under press room - 2000 press releases).
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