PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Raymond Duray who wrote (296714)	9/14/2002 7:04:55 AM
From: Ish	Read Replies (1) of 769667

<<I believe you've escalated a simple typo into a misunderstanding of fact. Delbert's typo is that the huge spike in energy cost in California occurred in the early months of 2001, not 2000 as was inadvertently typed.>> Wrong. It was in 2000. High Wholesale Electricity Prices: The price of wholesale electricity sold on California's newly created California Power Exchange (CalPX) starting escalating around June 2000, reaching unprecedented levels over the remainder of the year. From June 2000 through July 2000 wholesale electricity prices increased on average 270 percent over the same period in 1999.(1) By December 2000 wholesale prices on the CalPX cleared at $376.99 per megawatthour (MWh), over 11 times higher than the average clearing price of $29.71 per mwh in December 1999.(2) eia.doe.gov

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