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California ISO Declares Stage Two Emergency

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Summary:


News Release, July 24, 2006, California ISO Declares Stage Two Emergency; Power Usage High and Trending for Another Record Peak Demand


Extract:

(Folsom, CA) The California Independent System Operator Corporation (California ISO) issued a Stage Two Emergency at 1:00 p.m. today, July 24, 2006 with operating reserves forecast to dip below five percent over today’s peak. Large commercial customers that have contracted with the utilities to curtail power during high demand days have been asked to do so. If an operating reserve of less than one-and-a-half percent is unavoidable, a Stage Three will be initiated. Involuntary curtailments of service to customers including “rotating blackouts” are possible during this stage of emergency declaration.

The California ISO issued a Stage One Emergency at 10:00 a.m. today. At that time participants of the California ISO Voluntary Load Reduction Program were notified to implement voluntary conservation measures.

Today’s peak power demand on the transmission system is expected to reach 52,000 megawatts around 4:00 p.m. Thus far today, electricity demand is trending nearly 3,000 megawatts over the record demand of 49,036 experienced last Friday, July 21.


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