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Article: Federal commission increases limits on Calif. energy prices.(The Orange County Register)
- Article from:
- Knight Ridder/Tribune News Service
- Article date:
- July 17, 2002
- Author:
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune News Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON _ Federal energy regulators Wednesday capped wholesale electricity prices in California at $250 per megawatt hour and adopted other measures designed to permanently avert the price spikes, shortages and rolling blackouts of a summer ago.
And the Federal Energy Regulatory Commission also ordered the dismantling of the current California Independent System Operator board that manages the state's electricity grid, saying the panel as constituted by Gov. Gray Davis has not been independent. Instead, FERC has will replace it with a new fully independent board with no stakeholders as members, a move ISO's chairman Michael Kahn labeled as "an affront to ...