Author: Charles J. Cicchetti
Publisher: Springer Science & Business Media
ISBN: 1402080328
Category : Business & Economics
Languages : en
Pages : 214
Book Description
This book attempts to explain what went wrong in California’s restructured energy markets and what must be done to restore California’s economy and build new electricity systems. The intention here is to reconcile the principles of competition and regulation. California had a severe electricity crisis for about thirteen months beginning in May of 2000. The economic consequences and political fallout that arose from this crisis persist. California’s economy continues to suffer and the state’s treasury is deeply in debt. The state’s three investor-owned utilities were nearly financially decimated. San Diego Gas & Electric has recovered to a greater degree than the other two only because its retail prices are about three times the national average and, for a time, well above the other two IOUs in California. Southern California Edison has recently been restored to investment grade and was granted a rate increase. Pacific Gas & Electric is emerging from bankruptcy. This book discusses all of this in greater detail. The problems and consequences arising from California’s ill-fated foray into electricity market restructuring could damage the state for years to come. Challenges of this nature are not new to the Golden State. In the past, as we explain here, pragmatic, not entrenched, approaches have worked best in California. If California is to relatively quickly restore its previous enviable economic vitality and recover from the damage done to tarnish its luster, pragmatic approaches must again be used.
The California Electricity Crisis
Author: Charles J. Cicchetti
Publisher: Springer Science & Business Media
ISBN: 1402080328
Category : Business & Economics
Languages : en
Pages : 214
Book Description
This book attempts to explain what went wrong in California’s restructured energy markets and what must be done to restore California’s economy and build new electricity systems. The intention here is to reconcile the principles of competition and regulation. California had a severe electricity crisis for about thirteen months beginning in May of 2000. The economic consequences and political fallout that arose from this crisis persist. California’s economy continues to suffer and the state’s treasury is deeply in debt. The state’s three investor-owned utilities were nearly financially decimated. San Diego Gas & Electric has recovered to a greater degree than the other two only because its retail prices are about three times the national average and, for a time, well above the other two IOUs in California. Southern California Edison has recently been restored to investment grade and was granted a rate increase. Pacific Gas & Electric is emerging from bankruptcy. This book discusses all of this in greater detail. The problems and consequences arising from California’s ill-fated foray into electricity market restructuring could damage the state for years to come. Challenges of this nature are not new to the Golden State. In the past, as we explain here, pragmatic, not entrenched, approaches have worked best in California. If California is to relatively quickly restore its previous enviable economic vitality and recover from the damage done to tarnish its luster, pragmatic approaches must again be used.
Publisher: Springer Science & Business Media
ISBN: 1402080328
Category : Business & Economics
Languages : en
Pages : 214
Book Description
This book attempts to explain what went wrong in California’s restructured energy markets and what must be done to restore California’s economy and build new electricity systems. The intention here is to reconcile the principles of competition and regulation. California had a severe electricity crisis for about thirteen months beginning in May of 2000. The economic consequences and political fallout that arose from this crisis persist. California’s economy continues to suffer and the state’s treasury is deeply in debt. The state’s three investor-owned utilities were nearly financially decimated. San Diego Gas & Electric has recovered to a greater degree than the other two only because its retail prices are about three times the national average and, for a time, well above the other two IOUs in California. Southern California Edison has recently been restored to investment grade and was granted a rate increase. Pacific Gas & Electric is emerging from bankruptcy. This book discusses all of this in greater detail. The problems and consequences arising from California’s ill-fated foray into electricity market restructuring could damage the state for years to come. Challenges of this nature are not new to the Golden State. In the past, as we explain here, pragmatic, not entrenched, approaches have worked best in California. If California is to relatively quickly restore its previous enviable economic vitality and recover from the damage done to tarnish its luster, pragmatic approaches must again be used.
The California Electricity Crisis
Author: Christopher Weare
Publisher: Public Policy Instit. of CA
ISBN: 1582130647
Category : Business & Economics
Languages : en
Pages : 140
Book Description
Publisher: Public Policy Instit. of CA
ISBN: 1582130647
Category : Business & Economics
Languages : en
Pages : 140
Book Description
Restructured Electricity Markets
Author: Jim Wells
Publisher: DIANE Publishing
ISBN: 9780756731755
Category : Business & Economics
Languages : en
Pages : 52
Book Description
Our analysis and other studies found evidence that wholesale electricity suppliers exercised market power by raising prices abov.
Publisher: DIANE Publishing
ISBN: 9780756731755
Category : Business & Economics
Languages : en
Pages : 52
Book Description
Our analysis and other studies found evidence that wholesale electricity suppliers exercised market power by raising prices abov.
The $10 Billion Jolt
Author: James Walsh
Publisher: Silver Lake Publishing
ISBN: 1563437481
Category : Electric utilities
Languages : en
Pages : 379
Book Description
At Enron only obscure a bigger problem."THE 10 BILLION JOLT: California's Energy Crisis-Cowardice, Greed, Stupidity and the Death of DeregulationJames WalshTrade paperback366 pages (6" x 9")Price: 19.95ISBN 1-56343-748-1.
Publisher: Silver Lake Publishing
ISBN: 1563437481
Category : Electric utilities
Languages : en
Pages : 379
Book Description
At Enron only obscure a bigger problem."THE 10 BILLION JOLT: California's Energy Crisis-Cowardice, Greed, Stupidity and the Death of DeregulationJames WalshTrade paperback366 pages (6" x 9")Price: 19.95ISBN 1-56343-748-1.
The California Electricity Crisis
Author: James L. Sweeney
Publisher: Hoover Inst Press Publication
ISBN:
Category : Business & Economics
Languages : en
Pages : 310
Book Description
The California Electricity Crisis details the events that ultimately led to the crisis: the policy decisions, consequences of those decisions, and alternatives that could have averted the crisis and the current blight."--Jacket.
Publisher: Hoover Inst Press Publication
ISBN:
Category : Business & Economics
Languages : en
Pages : 310
Book Description
The California Electricity Crisis details the events that ultimately led to the crisis: the policy decisions, consequences of those decisions, and alternatives that could have averted the crisis and the current blight."--Jacket.
California's Electricity Market
Author: Carl Pechman
Publisher:
ISBN:
Category : Electric power
Languages : en
Pages : 21
Book Description
Publisher:
ISBN:
Category : Electric power
Languages : en
Pages : 21
Book Description
California's electricity market
Author: United States. Congress. House. Committee on Government Reform. Subcommittee on Energy Policy, Natural Resources, and Regulatory Affairs
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 500
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 500
Book Description
Electricity Deregulation
Author: James M. Griffin
Publisher: University of Chicago Press
ISBN: 0226308588
Category : Business & Economics
Languages : en
Pages : 453
Book Description
The electricity market has experienced enormous setbacks in delivering on the promise of deregulation. In theory, deregulating the electricity market would increase the efficiency of the industry by producing electricity at lower costs and passing those cost savings on to customers. As Electricity Deregulation shows, successful deregulation is possible, although it is by no means a hands-off process—in fact, it requires a substantial amount of design and regulatory oversight. This collection brings together leading experts from academia, government, and big business to discuss the lessons learned from experiences such as California's market meltdown as well as the ill-conceived policy choices that contributed to those failures. More importantly, the essays that comprise Electricity Deregulation offer a number of innovative prescriptions for the successful design of deregulated electricity markets. Written with economists and professionals associated with each of the network industries in mind, this comprehensive volume provides a timely and astute deliberation on the many risks and rewards of electricity deregulation.
Publisher: University of Chicago Press
ISBN: 0226308588
Category : Business & Economics
Languages : en
Pages : 453
Book Description
The electricity market has experienced enormous setbacks in delivering on the promise of deregulation. In theory, deregulating the electricity market would increase the efficiency of the industry by producing electricity at lower costs and passing those cost savings on to customers. As Electricity Deregulation shows, successful deregulation is possible, although it is by no means a hands-off process—in fact, it requires a substantial amount of design and regulatory oversight. This collection brings together leading experts from academia, government, and big business to discuss the lessons learned from experiences such as California's market meltdown as well as the ill-conceived policy choices that contributed to those failures. More importantly, the essays that comprise Electricity Deregulation offer a number of innovative prescriptions for the successful design of deregulated electricity markets. Written with economists and professionals associated with each of the network industries in mind, this comprehensive volume provides a timely and astute deliberation on the many risks and rewards of electricity deregulation.
Retrospective Report on California's Electricity Crisis
Author: Linda R. Cohen
Publisher:
ISBN:
Category : Science
Languages : en
Pages : 154
Book Description
Publisher:
ISBN:
Category : Science
Languages : en
Pages : 154
Book Description
The California Electricity Crisis
Author: James L. Sweeney
Publisher: Hoover Press
ISBN: 0817929134
Category : Political Science
Languages : en
Pages : 303
Book Description
After political leaders mismanaged the electricity crisis, California now faces an electricity blight while it struggles to recover from its self-imposed wounds. The California Electricity Crisis focuses on policy decisions, their consequences, and alternatives: the saga California has faced and is still facing.
Publisher: Hoover Press
ISBN: 0817929134
Category : Political Science
Languages : en
Pages : 303
Book Description
After political leaders mismanaged the electricity crisis, California now faces an electricity blight while it struggles to recover from its self-imposed wounds. The California Electricity Crisis focuses on policy decisions, their consequences, and alternatives: the saga California has faced and is still facing.