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Pastimes : The California Energy Crisis - Information & Forum

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To: portage who wrote (1402)	7/10/2002 1:37:20 PM
From: Raymond Duray	Read Replies (1) of 1715

NEW PRICE CAP FOR POWER IN EFFECT IN CALIFORNIA Source: ENL -------------------------------------------------------------------------------- In light of the Stage 1 Emergency in California Tuesday, a new price cap for power is in effect in the western region. The new cap is nearly half of what it was before: $57.14 compared to $91.87. The California Independent System Operator says if another Stage 1 is declared on Wednesday, the price cap could change again, per FERC order. The CAISO has already issued a restricted maintenance notice and an alert warning of an expected reserve deficiency for Wednesday, due to higher demand and outages expected as a result of the heat wave. Watch ENL at 11:00 a.m. ET for the latest on the conditions in California from our West Coast Bureau. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Last updated on Tue Jul 09 21:12:28 CDT 2002 energynewslive.com

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