Hedging programs promise protection against energy-market price spikes, and they can be important to the regulatory goal of sustainable, lowest long-term service cost. But how much price...
California DSM: A Pyrrhic Victory for Energy Efficiency?
Public Policy Objectives," CPUC Blue Book Hearings, June 24, 1994, p. 11.
15 Ralph Cavanagh, op cit, pp. 12-14.
16 Enron Corp., The 1995 Enron Outlook, p. 22.
17 Pacific Gas and Electric Co., Testimony of Mark Meldgim and Curtis Hatton Before the CEC on Internalizing Externalities, Preparation of the 1994 Electricity Report, Dkt. 93-ER-94, Oct. 20, 1994, p. 1.
18 Southern California Edison, Testimony in Support of Off-System Power Sales Incentive Mechanism (OPSIM), Applica. 93-08-006, Aug. 1993, p. 28. Edison estimates NOx abatement expenditures to meet existing regulation to be $330 million. SECcorp, Form 10-K, Fiscal Year Ending December 31, 1993, p. 2.
19 "Comments of the American Gas Association," CPUC Blue Book Hearings, July 21, 1994, pp. 12-13.
20 Peter Miller, "Comments of the Natural Resources Defense Council for the 1994 Energy Efficiency Report and 1994 Electricity Report," Workshop on the Future Of DSM, California Energy Commission, Feb. 27, 1995, p. 2.
21 The only major proposed change from the status quo was to require that DSM costs be unbundled in utility bills. CPUC Decision 95-05-045, May 24, 1995, "Proposed Policy Decision Adopting a Preferred Industry Structure," pp. 73-75, 161 PUR4th at 258.
22 CPUC Decision 95-05-045, May 24, 1995, "Customer Choice Through Direct Access: Charting a Sustainable Course to a Competitive Electric Services Industry" (Knight commissioner), pp. 112-13, 161 PUR4th at 394-95.
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