Was Gas to Blame? Exploring the Cause of California's High Prices

Deck: 
Basis exploded, but so did heat rates and NO<sub>x </sub>credits.
Fortnightly Magazine - February 15 2001
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1 "Staff Report to the Federal Energy Regulatory Commission on Western Markets and the Causes of the Summer 2000 Price Abnormalities," Nov. 1, 2000. Available on FERC website, www.ferc.gov. Hereinafter cited as Ferc Staff Report on California.

2 Source: Energy Security Analysis Inc. power databases using EIA form F900 and F759 data.

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