The California electricity crisis /

"California began the decade of the 1990s with a vertically integrated electric power system that had been working reasonably well under regulation. Still, there were opportunities for improvement. Although some reasons offered for restructuring were unrealistic, sufficiently valid reasons exis...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Sweeney, James L.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Stanford, Calif. : Hoover Institution Press : Stanford Institute for Economic Policy Research, [2002]
Colección:Hoover Institution Press publication ; 503.
Temas:
Electric utilities > Government policy > California.
Electric industries > California.
Energy policy > California.
Services publics d'électricité > Politique gouvernementale > Californie.
Industries électriques > Californie.
Politique énergétique > Californie.
BUSINESS & ECONOMICS > Real Estate > General.
BUSINESS & ECONOMICS > General.
Electric industries
Electric utilities > Government policy
Energy policy
Elektrizitätsversorgung
Krise
Elektriciteitsvoorziening.
Elektriciteitsbedrijven.
Overheidsbeleid.
Privatisering.
Politique gouvernementale.
Politique énergétique.
Électricité
Services publics.
Industrie de l'électricité
California
Kalifornien
Californie (État)
Acceso en línea:Texto completo
Tabla de Contenidos:
  • 1. Introduction and overview
  • 2. California's restructuring: turning opportunity into risk:
  • California utilities before restructuring
  • The changing federal regulatory structure
  • Opening transmission networks
  • Impacts on California electricity before restructuring
  • Motivations for California electricity deregulation
  • California public utilities commission leadership
  • Wholesale markets under the restructured system
  • Municipal utilities
  • 3. The challenge:
  • The nature of challenge
  • Electricity supply and demand patterns
  • Wholesale price increases
  • Why did wholesale prices increase so much?
  • California-controlled wholesale price controls
  • The financial challenge
  • State policy responses during the challenge period
  • 4. Through crisis:
  • The nature of crisis
  • The electricity crisis
  • The financial crisis
  • State and federal policy responses
  • California policy during the crisis: a critique
  • 5. From crisis to blight:
  • Long-term electricity purchase contracts
  • Electricity revenue bonds
  • Inclusion of the utilities' past crisis costs in future electricity rates
  • Paying sunk costs through future electricity prices
  • Elimination of direct access
  • State power authority
  • 6. Policy options: what next?:
  • Improve regional integration
  • Improve California electricity markets
  • Improve risk management
  • Manage California's financial obligations.

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