The California electricity crisis / / James L Sweeney

• Record Nr.: UNINA9910453505703321
• Autore: Sweeney James L
• Pubbl/distr/stampa: Stanford, California : , : Hoover Institution Press, , 2002
• ISBN: 0-8179-2918-5
• Descrizione fisica: 1 online resource (305 p.)
• Collana: Hoover Institution Press publication ; ; no. 513
• Disciplina: 333.793/2/09794
• Soggetti: Electric industries - California; Electric utilities - Government policy - California; Energy policy - California; Electronic books.
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: 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
• Sommario/riassunto: 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.