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Pastimes : The California Energy Crisis - Information & Forum -- Ignore unavailable to you. Want to Upgrade?

To: DavesM who wrote (1128)	2/26/2002 8:50:36 PM
From: Raymond Duray	Read Replies (4) \| Respond to of 1715

DavesM, That litany sounds silly to me. Everyone can point a finger at everyone else and no one's to blame in that game. The simple fact is that the power marketers were acting as a cartel. Conspiring to game the system. Them's the fraudsters. The rest of the bunch were just reacting to the lead presented by the likes of Lay, Skilling, Donnell at DUK, and the other felonious CEOs at Dynegy, Mirant, El Paso, et al. It really is that simple. Yet we have this endless smokescreen getting blown around. Cheerio!

To: DavesM who wrote (1128)	2/28/2002 1:41:23 AM
From: Roger A. Babb	Read Replies (1) \| Respond to of 1715

DavesM, the power shortage was artificial. Most power systems can operate very nicely with installed capacity 10% above the load. There were blackouts in California with installed capacity in the region 40% above the load for the day. The shortages were created by with holding capacity and by manipulation of the tie line capacity. Loads 20 to 30% higher than those on some of the blackout days were routinely handled before deregulation. It simply was not an equipment shortage.