CALIFORNIA'S ELECTRICAL DEBACLE

• Jurisdiction: United States

Natural Gas Transportation and Marketing
(2001)
CHAPTER 9A
CALIFORNIA'S ELECTRICAL DEBACLE
Denis Binder
Chapman University School of Law
Orange, California

[Page 9A-1]

TABLE OF CONTENTS

Perspectives
Quotes	2
Binder Article	3-4
Jenkins Article	5
Statutory/Regulatory "Deregulation" Scheme	6-12
Chronology	13-16
Rates	17
Demand
Historical Forecast	18
Daily and Peak Demands	19-20
Conservation	21
Supply
Utility Capacity (1999)	22
Divestitures	23-24
Outages (Spring 2001)	25
Qualifying Facilities/Alternative Generators	26
California's Sources of Energy	27
The California Grid	28
New Generating Facilities	29
Prices
Average Prices	30
Price Increases	31
Overcharges/Gaming	32-33
Profits and Losses
Generators and Utilities	34
PG&E Bankruptcy	35-37
Edison	38-40
Miscellaneous Articles
Nevada Ads	41-42
Business Magazines	43-47
Calpine (The Winner)	48-51
Price Controls	52
Impact on California
Power Contracts	53-59
Budgetary Impacts	60-62
Political	63
Consumers	64
Web Sites	72

[Page 9A-2]

"Believe me, if I wanted to raise rates, I could have solved this problem in twenty minutes."

Governor Gray Davis,

Press Conference, February 16, 2001.

See Los Angeles Times, February 17, 2001, at 2001 WL 2461975

"What California is in, is a war against sellers, who are taking so much value out of the California Economy."

Loretta Lynch, President

California Public Utilities Commission

April 14, 2001

4/4/01 APWIRES 22:52:00 (WestLaw)

"One person's predatory pricing is another person's competitive advantage."

Scott Miller

Then Director of Policy Coordination of the energy tracing unit of PG&E, and now a FERC staffer

(New York Times, March 23, 2001, at p.A14, col. 3-4)

"I would love to personally escort [Enron Corporation Chairman Kenneth] Lay to an 8x10 cell that he could share with a tattooed dude...