Even in the wake of the summer’s power crisis and emergencymeasures, San Diego Gas and Electric can’t find any long-term powerpurchase deals to its liking, and, in fact, it has pulled back arequest-for-proposal it had outstanding, soliciting longer-term,fixed price contracts.
Crisis
Articles from Crisis
In Concert with Oil, Gas Futures Funnel Lower into Bidweek
Amid easing concerns over a heating oil crisis this winter andsofter crude oil prices, natural gas futures were lower for thethird session in a row Friday as longs headed for the exits aheadof the weekend.
September 25, 2000
CA Power Crisis Increases Air Pollution
As a footnote to the wide-ranging issues emerging fromCalifornia’s electricity wars this summer, the City of Los AngelesDepartment of Water and Power (LADWP) Tuesday paid a record $14million penalty to regional air quality regulators as a result ofrunning its older, more polluting LA Basin generating plantsfull-out this summer. The heavy penalty points up an increasinglytenuous situation for merchant generators who are running out ofways to avoid exceeding their plants’ air emission limits.
August 31, 2000
California Utilities, IPPs, Nymex Argue Over Power Crisis
While Chairman James Hoecker last week expressed doubt FERC could provide any real “immediate” relief to California electric customers, the state’s two largest investor-owned utilities called on the Commission to move quickly to rescue the malfunctioning wholesale power market, saying it could not stand on the sidelines as the nation’s first retail electric experiment teeters on the brink of disaster. (See related report, this issue).
August 21, 2000
Rig Count Plummets, IPAA Frets
Record low rig counts are a sure sign of an energy industry incrisis, according to the Independent Petroleum Association ofAmerica (IPAA). The Baker Hughes rotary rig count dated Jan. 22 forNorth America was at 942, a steep drop from the count one year agoof 1,508.
January 26, 1999
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