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The 10 Billion Jolt California"s Energy Crisis Cowardice, Greed, Stupidity and the by James Walsh

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Published by Silver Lake Publishing .
Written in English

Subjects:

  • Public Policy - General,
  • Economics - General,
  • Business & Economics,
  • Business / Economics / Finance,
  • Business/Economics,
  • Government - U.S. Government,
  • Industries - Energy Industries

Book details:

The Physical Object
FormatPaperback
Number of Pages320
ID Numbers
Open LibraryOL8643977M
ISBN 101563437481
ISBN 109781563437489
OCLC/WorldCa50404959

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The $10 Billion Jolt explains how greedy energy companies used California's badly-drafted laws to their advantage. And the book goes back into the history of regulatory "reform" in California to show how such trouble came about in the first place. out of 5 stars Great book that misses the cause of energy crisis Reviewed in the United States on J This is one of the best books on the California energy crisis of , but misses the point about what caused by: The $10 Billion Jolt: California's Energy Crisis: Cowardice, Greed, Stupidity and the Death of Deregulation: James Walsh: ISBN: Trade Paperback (6" x 9") pages: $ retail $ (22 ct. cartons available). The financial crisis of the utilities then became a State financial crisis. Through Aug , the state had paid $10 billion for electricity, which was sold back to the utilities at the regulated price for about $3 billion. Thus, the state lost about $7 billion from the state budget.

This page contains information on California energy crisis, California Electricity Situation, California Assembly Bill , California electricity competition, wholesale electricity activities, independent system operators,regional exchanges, commodities trading centers, electricity futures, NYMEX, CBOT, wholesale electricity prices.   Enron defrauded California out of billions during energy crisis By Jerry Isaacs 10 May Documents released Monday by the Federal Energy Author: Jerry Isaacs. The California electricity crisis, also known as the Western U.S. energy crisis of and , was a situation in which the U.S. state of California had a shortage of electricity supply caused by market manipulations and capped retail electricity prices. The state suffered from multiple large-scale blackouts, one of the state's largest energy companies collapsed, and the economic fall-out J Blackouts aff customers in . electricity market. The ‘energy crisis’ has been front-page news within the state, and has attracted a great deal of national attention. The situation began to peak during the summer of , and has continued to afflict the citizens of California with blackouts and .

Dynegy had revenues of $ billion in the first quarter of , compared to $ billion in the first quarter a year ago. Enron revenues increased to $ billion from $13 billion during the same quarters. While the administration says that they are not going to do anything about the California energy crises, that is only partly true.   Published am PDT, Sunday, J PDT Houston -- The Enron Corp. used undisclosed reserves to keep as much as $ billion in trading profits off its books during the California energy crisis, according to six former managers and executives who handled or reviewed the accounts. vi CAUSES AND LESSONS OF THE CALIFORNIA ELECTRICITY CRISIS September TABLES 1. Electricity-Generating Capacity in the Western States, 13 2. Net Electricity Generation from Hydropower and Natural Gas in 11 Western States, First Nine Months of and 15 FIGURES 1. Who Sells to Whom in California’s Electricity Market 2 2. Endless Possibilities TM and the California Energy Crisis "One of the deepest mysteries in the collapse of Enron has been the role that the power crisis in California played in the company's rise and fall. [/] This spring, as authorities focused their attention on the off-balance-sheet partnerships that Enron used to inflate its profits, it seemed that the question might be forever.