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California's Power Gamble: Long-Term Contracts, Locked-In Risk

High profit potential will attract new power plants, forcing prices down and stranding the state's long-term electricity purchases.


 

High profit potential will attract new power plants, forcing prices down and stranding the state's long-term electricity purchases.

Let's consider three questions crucial to California's energy crisis and its plans for solution.

Byline: 
Michael Schmidt
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Frontlines

How to price energy during a stage 3 alert?

Frontlines

Très Riches Heures

 

How to price energy during a stage 3 alert?

You know the painting. Les Très Riches Heures du Duc de Berry. You probably saw it first in Janson's "History of Art", in a college survey course.

Byline: 
Bruce W. Radford
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The Gas-fired Future: Boom or Bust?

Last year brought prices not seen for decades. So consumers will buy less gas, just as before, and send the forecasts out the window.

1 For examples of the degree to which buildings have conservation features such as multiple glazing and exterior or interior shading and awnings the reader is referred to "A Look at Commercial Buildings in 1995: Characteristics, Energy Consumption and Energy Expenditures," DOE/EIA - 0625 (95), October 1998. For information on conservation practice in the residential sector see "A Look at Residential Energy Consumption in 1997," DOE/EIA - 0632 (97), November 1999.

Byline: 
John H. Herbert
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News Digest

The California ISO offers a plan, but some fear that rules themselves are the problem.

 

News Digest


 

Byline: 
ISO Credit Requirements.
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News Digest

Dynegy's David Francis, vice president for western power trading, testified on Dec. 21 on why he thought the ISO was bending the rules:

 

News Digest


 

Byline: 
Citizens' Utility Ratepayer Bd. v. Kansas Corp. Comm'n, Nos. 85,750 et al., Dec. 15, 2000 (Kan.App.)
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News Analysis

The lawyers debated over ozone and soot, but the markets saw NO<sub>x</sub> as the "smoking gun."

 

News Analysis

 



 

Byline: 
Carl J. Levesque
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