[cdn-nucl-l] CA energy supplies increase 6%, demand surged 25%

["Jerry Cuttler" <jerrycuttler@home.com>]

----- Original Message -----
From: Gene Cramer <marc832@primenet.com>
To: Multiple recipients of list ans-pie <ans-pie@nuke-ans.org>
Sent: Wednesday, December 27, 2000 10:57 AM
Subject: ENERGY LOOKING GLASS 2000dec27 Gov. Davis consults FRC Chairman
Greenspan


> GOVERNOR CONSULTS FED CHIEF ON POWER
> Davis asks Greenspan about market effects if Edison , PG&E were to file
for
> bankruptcy related to energy-cost crisis.
> Orange County REGISTER 2000dec 27
>
> Experts described the December 26th meeting between Gov. Davis and FRC
> Chairman Greenspan as unusual. Aftet the two hour meeting, Greenspan
> appeared on PBS' Nightly Business Report to acknowledge the California
> electricity problem as "intractable"  "There are no magic bullets" the
only
> solution is to build power plants to increase the state's electricity and
> to conserve more. "If deregulation fails in California , deregulation is
> over in America".
>
> Tuesday Edison filed documents with federal regulators warning the company
> faces bankruptcy without a rate increase. Edison costs for wholesale
> electricity is $3.2 Billion, with another $1.7 Billion expected for
> December. November costs were $561 million and October's were $283million.
>
> In a sidebar, an August 2, 1998 report is mentioned that predicted energy
> shortages were only going to worsen, and recommended that the state retake
> control of the electricity grids and consider re-regulating the
electricity
> industry. Gov. Davis' response -- a push of new conservation efforts and
> complaints about price gouging -- didn't address the basic problem that
> over the last 4 years, that state energy supplies have only increase 6
> percent while demand has surged 25 percent.
>