Facilitated

While it facilitated more than $6.3 billion in settlements stemming from the western energy crisis in 2000 and 2001, the Federal Energy Regulatory Commission said it could have done more if four years ago it had the broader anti-manipulation authority it was given in the Energy Policy Act of 2005, enacted in August. And while the Commission “has worked diligently” to address flawed CAISO rules, the system has experienced 12 system emergencies since the official end of the crisis period in mid-2001.