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Chairman Kelliher's Statementpdf 30K Summary:Federal Energy Regulatory Commission, September 21, 2006 Open Commission Meeting, Statement of Chairman Joseph T. Kelliher, 1 of 2, Item No. E-1: California Independent System Operator, Corp (ER06-615-000 et. al) Extract:“The purpose of the MRTU order is clear: to prevent a recurrence of the California and Western power crisis from 2000-2001. There were three principal causes of the California and Western power crisis. First, a lack of electricity supply in California. As a result, California imported more power from other Western states that would otherwise be the case. Second, poor market rules, particularly rules that governed the behavior of state regulated utilities in California. Third, market manipulation. We have made a lot of progress in all three areas over the past few years, and are in a much better position to prevent a recurrence of the California and Western power crisis. Document Locations: |