[Ernest_at_the_Beach]

[Ernest_at_the_Beach]

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[d14truth]

LONG-TERM ENERGY CONTRACTS!!!

What Gov. 'Doofus' didn't have? He gambled on energy availability and lost. You play, you pay, governor.

"In the first three months of 2001, prices for power rose dramatically: During those months Californians would be charged about 30 percent more than the same months the year before. Megawatts that typically sell for between $30 and $40 at times cost $1,000."

[d14truth]

Manipulation

What you are subject to when you don't have a 'contract'?
*****
Only a 'DOOFUS' would constrain a retail 'unlimited quantity' price without similar guarantee on the wholesale price of the supply. Anyone knows to limit purchases at the 'sale price', guvner. If California had a few more power plants online(poor planning and NIMBY why we don't), the domestic California producers might have generated the domestic(California) needs.

Hey, 'guvner', it appears that today you are trying to 'manipulate' the budget. Some future bonds for some current spending, for your advantage. How is that different from energy suppliers taking advantage of the situation you offered them?

[d14truth]

"Enron, which supplied a share of this power, would intentionally overschedule the amount it knew the system could handle."

And, didn't the ISO know that the power was 'overscheduled'? Since when doesn't a 'responsible' sytem operator know the 'system limits'? DOOFI!!!

Too bad the 'Wrongical Chronicle' writer doesn't ask the 'obvious' questions of the bureaucRATS.

[d14truth]

"The state agency, unable to monitor the actual usage and believing that the power grid would be overloaded, then paid Enron to deliver the "excess" electricity somewhere else to avoid congestion. Often that was out of state where it was even harder to track."

Sounds like a pretty worthless, but well rewarded, state agency. If you can't monitor something, you can't manage it. DOOFI

[madeinchina]

One was nicknamed "Ricochet" by Enron traders but is referred to as megawatt laundering by many energy experts. The company bought power in California under the state's price limits, shipped it outside the state, only to buy it again and sell it back to the state. Because the energy was coming from outside California, it wasn't subject to price limitations.

Dont'ya just hate it when those free market b&^$&$^% undermine our best laid regulatory plans? What we need is a new tougher energy regulation regime which will stop these energy hustlers in their tracks.

[Neanderthal]

"Megawatts that typically sell for between $30 and $40 at times cost $1,000."

Another ignoramus reporter. It should say "Megawatts that typically sell for between $30 and $40 per hour . . ."

If he can't understand this simple concept . . .

[heleny]

Winter made the plea without telling Gov. Gray Davis or the ISO board.... He believes his action kept the lights on.
... Californians saw some of the highest-priced megawatts ever recorded
No, no, no, the author has it all wrong. Davis said he was the one who kept the lights on. He lost his temper telling the Union Tribune two months ago about his efforts. ("It just sounds a little presumptuous, but I think I should at least get a round of applause. I don't get squat.")
Also, the author had better not try scapegoating Winter now because we know Davis is responsible.

Enron could earn money by creating perceived congestion problems and then helping fix them.
Davis thinks he can earn brownie points by creating scandals and then "solving" the new problems while blaming others.
Enron's methods worked, but I hope Californians are too smart for Davis' tactics.