California Is Still Coming Up Short on Electricity

Download or read book California Is Still Coming Up Short on Electricity written by Sean Randolph and published by DIANE Publishing. This book was released on 2008-05 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite California¿s aggressive response to the 2000-2001 energy crisis & the ongoing work of regulators to reach policy consensus, there is still a meaningful risk that future power supplies will come up short. One of the key drivers of this risk is a highly uncertain investment climate. In addition, the State¿s power policy still has significant flaws that will challenge long-term reliability & will contribute to continued high retail electricity costs for consumers. This paper highlights the risks of a near- to medium-power-supply shortage & sets forth options policy makers have for alleviating these risks. It also identifies the key longer-term challenges that policy makers face in reforming the State¿s power sector. Illustrations.