The continuing fallout from the energy market malfunction in California and the latest industry debacle, the fall of the Enron energy empire, have made this a “really black-eye year” for the future of energy competition, FERC Chairman Pat Wood told energy attorneys last Thursday.
Debacle
Articles from Debacle
CBO: Restructuring Success Tied to Price Signal Response
Among the many lessons to be learned from California’s energy debacle is that restructuring has a better chance of succeeding when more of the power in a market is free to respond to price signals, according to a recent report issued by the Congressional Budget Office (CBO) examining the causes and lessons of California’s electricity crisis.
October 8, 2001
States Moving to Ensure Winter Gas Supply with Rate Hikes
The California power debacle, with its political and financialramifications, coupled with high natural gas and heating oil pricesand dire government warnings of even worse prices this winter, hasled to a host of actions by those who deal with retail customersand constituents.
August 21, 2000
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