Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

California Crisis Cost $45 Billion
Energy User New ^ | 02/25/2003

Posted on 03/14/2003 12:35:30 PM PST by Robert357

The Public Policy Institute of California concluded that California's energy crisis cost the state as much as $45 billion over two years in higher electricity costs, lost business due to blackouts, and a slowdown in economic growth, according to a recently released study. The report concluded there was no single cause for the energy crisis, which peaked in the winter of 2000-01 and led to six days of rolling blackouts.


TOPICS: Government; US: California
KEYWORDS: blackouts; california; calpowercrisis; government; powercosts
While probably posted elsewhere, I doubt anyone posted a link to Energy User News. This was on the cover of the March Issue. Of particular note is the statement that there was not a single cause, those are code words in trade publications for it wasn't all power marketing company corruption and price gouging.

Now for the "Paul Harvey" version of the news....A big reason for the high cost and the blackouts is because of things done by the California Independent System Operator (Cal ISO). In particular among other games that Cal ISO played, was the fact that they created "fictional contracts" to clog up transmission lines and keep power from going north out of Southern California (being a prime cause to Bay Area blackouts) and raising prices throughout the region. If you would like some details go the following Article Click here for an interesting analysis of Contract C66, but don't believe everything you read.

There are lots of other examples of things that the Cal ISO, whose current leaders have been appointed by Gov Davis, has done that has jeopardized the California and West Coast Power system

I sure hope the FERC dresses down the Cal ISO when it comes to its conclusions later this month on the California request for refunds.

1 posted on 03/14/2003 12:35:30 PM PST by Robert357
[ Post Reply | Private Reply | View Replies]

To: Robert357; snopercod; Ernest_at_the_Beach
Thought you might enjoy some diversion from war in Iraq speculation and news.

$45 Billion is a lot of economic impact in two years. It is a shame that Davis didn't take the 15 to 20 minutes it required to solve the problem. Oh well....

2 posted on 03/14/2003 12:37:38 PM PST by Robert357
[ Post Reply | Private Reply | To 1 | View Replies]

To: Robert357
Thanks Gov. Doofus.
3 posted on 03/14/2003 12:55:59 PM PST by TheDon (It takes two to make peace, but only one to make war.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Robert357
FERC needs to put Cal ISO out of business.

I suggest a ban on the importation of power into California until Governor Davis "sees the light."

4 posted on 03/14/2003 12:58:14 PM PST by Dog Gone
[ Post Reply | Private Reply | To 1 | View Replies]

To: TheDon
enjoy some diversion from war in Iraq

What war in Iraq?

Just kidding Bob. Thanks.

5 posted on 03/14/2003 12:59:09 PM PST by Amerigomag
[ Post Reply | Private Reply | To 3 | View Replies]

To: Robert357
Right, "no single cause" probably means that the stupidity of the legislature enforcing a corruption of the price system is responsible for $43 million and corporations taking advantage of the stupidity resulted in another $2 million.
6 posted on 03/14/2003 1:00:15 PM PST by Rippin
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dog Gone
I suggest a ban on the importation of power into California

May I suggest enforcing the existing ban on the unregulated importation of immigrats.

California could realize an almost 20% decrease in demand.

7 posted on 03/14/2003 1:04:42 PM PST by Amerigomag
[ Post Reply | Private Reply | To 4 | View Replies]

To: Amerigomag
also drug testing of public officials - Davis appears to be either drunk or stoned
8 posted on 03/14/2003 1:07:11 PM PST by Republicus2001
[ Post Reply | Private Reply | To 7 | View Replies]

To: Republicus2001
Davis appears to be either drunk or stoned

Nope. He's pretty much a political whore with poor financial instincts and inept management skills.

By that I mean he will do almost anything for political gain and most of the things that he actually attempts are done rather poorly, including disguising the bribery.

On second thought. maybe it is the drugs.

9 posted on 03/14/2003 1:28:32 PM PST by Amerigomag
[ Post Reply | Private Reply | To 8 | View Replies]

To: Rippin
Right, "no single cause" probably means that the stupidity of the legislature enforcing a corruption of the price system is responsible for $43 million and corporations taking advantage of the stupidity resulted in another $2 million.

The truly sad part is that those are Billions with a "B" and not millions of dollars, but I think you have the right idea, even if you need to add a few more zeros (appropriately supplied mostly by politicians.)

10 posted on 03/14/2003 2:37:23 PM PST by Robert357
[ Post Reply | Private Reply | To 6 | View Replies]

To: TheDon; Dog Gone
Thanks Gov. Doofus.---FERC needs to put Cal ISO out of business.

I'll drink to that!

11 posted on 03/14/2003 2:40:08 PM PST by Robert357
[ Post Reply | Private Reply | To 3 | View Replies]

To: Robert357
California Crisis Cost $45 Billion

Gray Davis Incompetence Cost California Taxpayers $45 Billion

Inept crisis management is not leadership!

12 posted on 03/14/2003 2:56:16 PM PST by Publius6961 (p>)
[ Post Reply | Private Reply | To 1 | View Replies]

Bump
13 posted on 03/14/2003 4:01:40 PM PST by NormsRevenge (Semper Fi)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Robert357
Am I correct in thinking percentage wise, after taking into account the differences in size, that Governor Davis is ACTUALLY OUT-SPENDING THE U.S. FEDERAL GOVERNMENT!? O_O
14 posted on 03/14/2003 4:06:16 PM PST by Paul C. Jesup
[ Post Reply | Private Reply | To 1 | View Replies]

To: Robert357
45 Billion? now, THAT is some serious bling bling!

regards,

15 posted on 03/14/2003 6:41:50 PM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Robert357
Thanks, meant "b" not "m"
16 posted on 03/15/2003 11:40:20 AM PST by Rippin
[ Post Reply | Private Reply | To 10 | View Replies]

To: Robert357; *calpowercrisis; randita; SierraWasp; Carry_Okie; okie01; socal_parrot; snopercod; ...
Calpowercrisis:
To find all articles tagged or indexed using Calpowercrisis, click below:
  click here >>> Calpowercrisis <<< click here  
(To view all FR Bump Lists, click here)



17 posted on 03/16/2003 12:45:52 PM PST by Ernest_at_the_Beach (Recall Gray Davis and then start on the other Democrats)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Robert357
I thought FERC was going to close out this business by the end of March.
18 posted on 03/16/2003 5:19:40 PM PST by snopercod
[ Post Reply | Private Reply | To 1 | View Replies]

To: Publius6961
Inept crisis management is not leadership!

But it got Davis re-elected...

19 posted on 03/16/2003 5:20:38 PM PST by snopercod
[ Post Reply | Private Reply | To 12 | View Replies]

To: snopercod
Amazing, isn't it?
20 posted on 03/16/2003 5:28:55 PM PST by StayoutdaBushesWay
[ Post Reply | Private Reply | To 19 | View Replies]

To: Robert357
The report concluded there was no single cause for the energy crisis,

When it comes to root cause analysis : Gray Davis stands head and shoulders above ANY OTHER POSSIBLE REASON.

21 posted on 03/16/2003 5:35:44 PM PST by Centurion2000 (Take charge of your destiny, or someone else will)
[ Post Reply | Private Reply | To 1 | View Replies]

To: snopercod
I thought FERC was going to close out this business by the end of March.

They are still planning on doing that. Expect the sh@# to hit the fan either on Friday of this next week or the following week.

I expect that they will make some decisions, and then forward certain findings of fact to be determined by a FERC ALJ (Admimnistrative Law Judge). The ALJ's have done a good job on cutting Gov. Davis down to size.

22 posted on 03/16/2003 7:59:21 PM PST by Robert357
[ Post Reply | Private Reply | To 18 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson