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To: Mama Bear who wrote (54974)	1/6/2001 3:32:58 PM
From: Ilaine	Respond to of 436258

Agreed. This is deregulation? >>Big mistake No. 1: Under the 1996 deregulation measure, investor-owned utilities such as Southern California Edison and Pacific Gas and Electric were required to sell most of their power generating plants to other private companies, and to become buyers of wholesale electric power. Big mistake No. 2: While deregulation mandated that utilities buy their power on the open market and pay market prices, it barred them from passing on increases to their customers until at least March 31, 2002.<< cnn.com

To: Mama Bear who wrote (54974)	1/6/2001 3:39:35 PM
From: Ilaine	Read Replies (3) \| Respond to of 436258

Free market to Bill Richardson - "drop dead." >>U.S. Secretary of Energy Bill Richardson extended for five more days an order that requires electricity producers across the West to sell their surplus to California whenever grid operators expect power reserves to fall dangerously low. Richardson added to his order a provision forbidding the agency that manages California's electricity grid from paying more than $64 per megawatt-hour for power. In an interview, John Bryson, chief executive officer of Edison International, parent company to Southern California Edison, said he hoped that a price cap of that sort would help hold down the utility's future electricity costs. But a spokesman for power generators said the price cap was unrealistically low and would not even cover the costs to produce power. "Nobody's going to sell at that price," said Gary Ackerman, executive director of the Western Power Trading Forum, which represents power plant owners.<< latimes.com