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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (296714)	9/14/2002 2:28:30 AM
From: Dan B.	Read Replies (1) \| Respond to of 769667

Raymond, you idiot. I have a good friend living in California, and believe me, I heard PLENTY about the huge spike in energy prices in the San Diego area in the early months of 2000. THATS A FACT! Get it right, ok? Cheney had nothing to do with that. Brush up buddy, you are wrong in your time frame, and that fact renders the rest of your fat post(hehehe) to nothingness. As was reported on TV news earlier this night, Gov. Davis is "widely" held responsible for the energy troubles in California. The bullshit regulation they called "de-regulation" spurred the troubles. Year...2000. Get the year right, ok? Pennsylvania actually DID de-regulate...things worked great. Think twice, fool. Dan B. P.S. No qualms have I when using invectives on you.

To: Raymond Duray who wrote (296714)	9/14/2002 7:04:55 AM
From: Ish	Read Replies (1) \| Respond to 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

To: Raymond Duray who wrote (296714)	9/14/2002 1:10:24 PM
From: DavesM	Read Replies (2) \| Respond to of 769667

Ray, Delbert specifically mentions the price spikes that occurred the summer of 2000. By the summer of 2001, the crisis was over. I don't believe Delbert's quote was a typo. Before GWB became President: The FERC had rejected regional price caps on electricity (Dec 2000 or early January 2001 under Chairman Hoecker, 3 Democrats and 1 Republican voting FERC members). SCE and PG&E had been downgraded by Moody's. PG&E and SCE had announced that they could no longer pay creditors, and PG&E defaulted on bond payments. PG&E told the state that they could no longer purchase natural gas for customers. The cost of purchasing NOx credits (according to the South Coast Air Quality Management District added as much as $300 to the price of a megawatt of electricity). November 2000, December 2000, and January 2001, the average price of wholesale electricity jumped to new highs (above previous highs seen in August). All this occurred before Cheney became the Vice President. I also believe that CA did not have a shortage of Capacity, but only if you were willing to lift air pollution restrictions placed on the operations of large diesel generators and peakers. But if you are talking about affordable, (relatively) clean power, there was a shortage of capacity in CA (especially at 2000 consumption levels).