Sen. John Kerry (D-MA), the chief architect of the Senate’s climate change legislation, said the Environmental Protection Agency (EPA) Monday was sending a “clear signal to Congress” when it issued an endangerment finding on greenhouse gas (GHG) emissions.
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Former Enron Power Trader Forney Pleads Guilty
John M. Forney, architect of the “Death Star” power trading scheme and manager of the real-time trading on Enron’s West Desk in Portland, OR, pleaded guilty Thursday to conspiracy to commit wire fraud for the purpose of manipulating California’s energy markets, according to an announcement by the United States Attorney for the Northern District of California.
High Prices, Alerts Continue in CA
The legislative architect of California’s 1996 precedent-settingelectric industry restructuring law Monday proposed a $2 billionreserve be carved out of the state’s next fiscal budget to fund astate effort to buy or build new generation plants. Theannouncement came at the same time the state energy commission,which approves all new power plants of 50 MW or larger, released alegislatively mandated report that concludes the state’s generationresources are adequate, and temporary peaking plants are not neededfor the upcoming summer.
CA Lawmaker Proposes Tighter Price Caps
California’s leading state legislator for energy issues and thechief architect of its 1996 electricity restructuring law last weekdeclared the state’s electricity market as “not workablycompetitive” and urged that state energy authorities re-establishprice caps at their original levels to mitigate against extremeprice spikes when the weather heats up.
CA Lawmaker Says Generation Buyers Paid Too Much
In a surprising bit of candor, the chief political architect ofCalifornia’s 1996 electric industry restructuring law last weekrevealed that out-of-state energy companies paying high prices forgeneration assets, exceeded state lawmakers goals of gettingconsumers out from under the enormous stranded costs of the state’sthree major investor-owned utilities.
CA Lawmaker Says Generation Buyers Paid Too Much
In a surprising bit of candor, the chief political architect ofCalifornia’s 1996 electric industry restructuring law told a groupof industry participants at a statewide energy roundtablediscussion in San Diego that the state’s lawmakers intentionallyderegulated generation to draw out-of-state capital to pay off theenormous stranded costs of the state’s three major investor-ownedutilities.