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Restructuring / Deregulation of Electricity
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Wind/Solar Paper IDs Renewable Transmission Obstacles. The American Wind Energy Association and the Solar Energy Industries Association issued a report entitled "Green Power Superhighways," which outlines the barriers to expanding the electricity grid to reach remote renewable resources. The report calls for both major investment in new transmission – with the costs allocated across all consumers in states served by the transmission network – and comprehensive regional transmission plans to identify where new transmission lines or increased capacity are needed. The report recommends that FERC be granted clear authority to site new transmission lines that are needed to move renewable energy or prevent blackouts. It also points out that modifying power system operations to allow intermittent renewable energy sources to offset each other will improve the overall efficiency and economic performance of the grid, as well as moderate the challenge of managing intermittent energy sources. The report is available at http://www.awea.org/GreenPowerSuperhighways.pdf.
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The California electricity crisis ended immediately after James Jeffords announced he was leaving the Republican Party. This gave the Democrats control of the Senate Committee on Governmental Affairs.
Bush's victory was crucial to the 2001 phase of the crisis because Bush opposed stringent price caps--the only sure-fire quick fix.
Enron trader: "When this election comes Bush will f------g whack this s--t, man. He won't play this price-cap b------t."
George Bush: "We will not take any action that makes California's problems worse and that's why I oppose price caps," said Mr. Bush on May 29, 2001.
While it's true that a sloppy implementation of price caps could have harmed California, it was well within the Federal Regulator's powers to impose effective and beneficial price caps. In fact, since it gave the offending companies (including Enron) the right to charge "market based rates" it could have taken them away at any time.
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http://zfacts.com/p/635.html | 01/18/12 07:18 GMT
Modified: Wed, 25 Feb 2009 20:54:52 GMT
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