California Dreaming: Will FERC's Plan Work?

Deck: 
And even if it does, it probably won't.
Fortnightly Magazine - February 15 2001
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1 Staff Report to the Federal Energy Commission on Western Markets and the Causes of the Summer 2000 Price Abnormalities—Part 1, Nov. 1, 2000 (Staff Report), p. 6-1.

Recharge the Economy with Renewable Energy Tax Credits

2 Order Directing Remedies For California Wholesale Electric Markets, . Note that while FERC recognizes that siting matters and retail demand response programs reside within exclusive state jurisdiction, FERC urges state officials to take certain actions in these areas.

3 Order Proposing Remedies For California Wholesale Electric Markets, , p. 3.

4 The pre-restructuring average embedded generation cost component of California IOU rates were about $74 per megawatt-hour. See Dec. 15, 2000 at p. 27.

5 For simplicity, let's assume that the pre-restructuring estimated generation cost of around 7 cents per kilowatt-hour would have prevailed; a 10 percent savings represents about $7 per megawatt-hour.

6 FERC Staff Report, p. 6-1.

7 FERC Order, Dec. 15, 2000, at p. 25.

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