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Pastimes : The California Energy Crisis - Information & Forum

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To: deepenergyfella who started this subject	7/11/2002 5:08:55 PM
From: Raymond Duray	Read Replies (1) of 1715

FERC ESTABLISHES HARD PRICE CAP IN WEST Source: ENL energynewslive.com -------------------------------------------------------------------------------- The FERC has reset the price cap on power sold in the Western spot markets to $91.87. This comes after a Stage 1 Emergency Tuesday in California triggered the recalculation of the price cap to $57.14. On Wednesday it was changed to $55.26 following another power emergency alert in California. In its order, the Commission said it was taking the action because it "cannot expose customers in California to the risks of a low price cap." -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Last updated on Thu Jul 11 15:00:43 CDT 2002

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