The California electricity crisis / James L Sweeney.

Format:

Book

Author/Creator:

Sweeney, James L.

Series:

Hoover Institution Press publication ; 513.

Hoover Institution Press publication ; no. 513

Language:

English

Subjects (All):

Electric industries--California.

Electric industries.

Electric utilities--Government policy--California.

Electric utilities.

Energy policy--California.

Energy policy.

Physical Description:

1 online resource (305 p.)

Place of Publication:

Stanford, California : Hoover Institution Press, 2002.

Summary:

After political leaders mismanaged the electricity crisis, California now faces an electricity blight while it struggles to recover from its self-imposed wounds. The California Electricity Crisis focuses on policy decisions, their consequences, and alternatives: the saga California has faced and is still facing.

Contents:

Front Cover ; Title Page ; Half Title ; Copyright ; Contents ; Figures and Tables ; Acknowledgments; Foreword; Chapter 1: Introduction and Overview ; Chapter 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

Retail Markets Under the Restructured System Municipal Utilities; In Summary; Chapter 3: The Challenge ; The Nature of the 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 ; In Summary ; Chapter 4: Through Crisis ; The Nature of the Crisis ; The Electricity Crisis ; The Financial Crisis ; State and Federal Policy Responses ; California Policy During the Crisis: A Critique

Chapter 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 ; Chapter 6: Policy Options: What Next? ; Improve Regional Integration ; Improve California Electricity Markets ; Improve Risk Management ; Manage California's Financial Obligations ; Chapter 7: Some Reflections ; Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

0-8179-2918-5

OCLC:

864675547