News Digest
Power Markets
Summer Incentives for California. Citing high prices and power shortageswhich will likely grow much worse this summerthe Federal Energy Regulatory Commission (FERC) imposed several new rules for the calendar year to reward electric customers for cutting usage and selling the power at wholesale, and then asked for comment on another half-dozen measures for 2001 aimed mainly at coaxing more efficiency out of the transmission grid.
But at the same time the commission warned that its actions would not solve the crises facing California and the West, and would not prevent electricity blackouts this summer. U.S. Dept. of Energy Secretary Spencer Abraham echoed that sentiment the very next day when he testified on Capitol Hill that blackouts are "inevitable" this summer in California, and might run anywhere from 20 to 200 hours.
News Digest
This full article is only accessible by current license holders. Please login to view the full content.
Don't have a license yet? Click here to sign up for Public Utilities Fortnightly, and gain access to the entire Fortnightly article database online.
This full article is only accessible by current license holders. Please login to view the full content.
Don't have a license yet? Click here to sign up for Public Utilities Fortnightly, and gain access to the entire Fortnightly article database online.