1 Staff Report to the Federal Energy Commission on Western Markets and the Causes of the Summer 2000 Price AbnormalitiesPart 1, Nov. 1, 2000 (Staff Report), p. 6-1.
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.
California Dreaming: Will FERC's Plan Work?
Deck:
And even if it does, it probably won't.
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