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Market Analysis Report July -August 2004

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Summary:

Market Analysis Report for July and August 2004, Board of Governors Meeting, September 15, 2004

Extract:

The CAISO control area saw peak load records set on five successive days during two separate heat waves in July and August. However, the heat waves were relatively brief, and temperatures soon returned to normal levels. The approximate four percent system-wide year-over-year energy growth pattern, apparent since the summer of 2003, slowed in July and August. The record peak load of 44,872 megawatts (MW), set on August 11, 2004, was 5.2 percent above the August 2003 peak. However total energy use during August 2004 was only 1.7 percent greater than in August 2003, which had longer periods of heat, especially in the fast-growing areas of Southern California.

Document Locations:

• Market Monitoring - 2004 Reports and Presentations