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

To: Raymond Duray who wrote (1129)	2/26/2002 9:27:33 PM
From: DavesM	Read Replies (1) \| Respond to of 1715

Ray, The fact is the Electric Energy Crisis became a hot issue in December 2000-after the election. When the truth is, that prices were very high, most of the summer and fall of 2000. I heard an brokerage utility analyst mention that he estimated the CA utilities were losing a $Billion a week (the summer of 2000). There were probably a dozen times when the ISO initiated power shedding protocols, the summer and fall (of 2000), yet were there loud PUBLIC calls for conservation the summer of 2000? Did you hear anything about a power crisis during the Democratic Convention in Los Angeles? Did the Legislature do anything to change the obvious flaws in the Deregulaton Plan they approved a few years earlier? When did the PUC raise prices to lower demand? When did the California Energy Commission speed up the approval for siting Power Plants? When did Chairman Hoecker of the FERC place firm price caps on electric power prices? Did the BPA or LADWP charge CA less for power, than Enron or Duke? If you have a fire, whether or not it is arson, you put it out. In CA everyone was sitting around waiting for someone else to put out the (electric power) fire. So nothing happened, until the Governor was forced to declare a state of emergency.

To: Raymond Duray who wrote (1129)	2/27/2002 5:24:40 PM
From: David Lawrence	Read Replies (1) \| Respond to of 1715

>The simple fact is that the power marketers were acting as a cartel. As did the hapless California populace and their elected state officials. Their's also was a cartel in arrogance and stupidity.

To: Raymond Duray who wrote (1129)	2/27/2002 5:25:10 PM
From: David Lawrence	Respond to of 1715

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To: Raymond Duray who wrote (1129)	2/27/2002 6:45:56 PM
From: Bearcatbob	Respond to of 1715

"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." Is it really that simple. The California governance has not been stupid? The plants that were not built were not needed? Any plants being built are a waste of money becuase there is a surplus? The left is always right(think about that one). If and when the economy recovers California can depend on the good will and good sense of their neighbors to provide their surplus cheaply to California. And finally - no plants are needed in California. It is all a conspiracy. Frankly - people should donate free power to the state to compensate for the example of good governance provided. Finally - there is free lunch! Gray will provide the magic formula so that other states can find the key to the restaurant!