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• catalog abstract ""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 existed to proceed. There was, however, risk from the very beginning that things could go wrong - and go wrong they did." "The restructuring, often mischaracterized as "deregulation," put the state and the investor-owned utilities in an inappropriately risky economic position. The risks became realities as the perfect storm hit California's electric system. The western states failed to build new generation capacity to match their growth in power consumption. Problems became apparent in the new California wholesale markets. Low rainfall in the Pacific Northwest curtailed hydroelectric generation and precipitated an electricity shortage. The challenge to California was serious and difficult. The California Electricity Crisis details the events that ultimately led to the crisis: the policy decisions, consequences of those decisions, and alternatives that could have averted the crisis and the current blight."--Jacket.".
• catalog contributor b12881349.
• catalog created "c2002.".
• catalog date "2002".
• catalog date "c2002.".
• catalog dateCopyrighted "c2002.".
• catalog description ""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 existed to proceed. There was, however, risk from the very beginning that things could go wrong - and go wrong they did."".
• catalog description ""The restructuring, often mischaracterized as "deregulation," put the state and the investor-owned utilities in an inappropriately risky economic position. The risks became realities as the perfect storm hit California's electric system. The western states failed to build new generation capacity to match their growth in power consumption. Problems became apparent in the new California wholesale markets. Low rainfall in the Pacific Northwest curtailed hydroelectric generation and precipitated an electricity shortage. The challenge to California was serious and difficult.".
• catalog description "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.".
• catalog description "Includes bibliographical references and index.".
• catalog description "The California Electricity Crisis details the events that ultimately led to the crisis: the policy decisions, consequences of those decisions, and alternatives that could have averted the crisis and the current blight."--Jacket.".
• catalog extent "xii, 291 p. :".
• catalog hasFormat "California electricity crisis.".
• catalog identifier "0817929118 (casebound : alk. paper)".
• catalog identifier "0817929126 (pbk : alk. paper)".
• catalog isFormatOf "California electricity crisis.".
• catalog isPartOf "Hoover Institution Press publication ; 513.".
• catalog isPartOf "Hoover Institution Press publication ; no. 513".
• catalog issued "2002".
• catalog issued "c2002.".
• catalog language "eng".
• catalog publisher "Stanford, Calif. : Hoover Institution Press : Stanford Institute for Economic Policy Research,".
• catalog relation "California electricity crisis.".
• catalog spatial "California.".
• catalog subject "333.793/2/09794 21".
• catalog subject "Electric industries California.".
• catalog subject "Electric utilities Government policy California.".
• catalog subject "Energy policy California.".
• catalog subject "HD9685.U63 C357 2002".
• catalog tableOfContents "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.".
• catalog title "The California electricity crisis / James L. Sweeney.".
• catalog type "text".