fw : california regulators suspend direct access to competitive energy suppliers - cera decision brief
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from : webmaster @ cera . com [ mailto : webmaster @ cera . com ]
sent : thursday , october 04 , 2001 9 : 00 pm
to : clients @ cera . com
subject : california regulators suspend direct access to competitive
energy suppliers - cera decision brief
title : the end of retail electric competition in california
url ( s ) :
http : / / www 20 . cera . com / eprofile ? u = 35
http : / / www 20 . cera . com / eprofile ? u = 35
california regulators suspend direct access to competiive energy suppliers
california , once considered a harbinger of retail electricity deregulation , is
reversing its previous efforts to create a competitive market for electricity .
suspending direct access is the latest - - though probably not the final - - event in
an ongoing series of developments and unique conditions that has made
deregulation a rocky road for players in the california market .
* this decision should not be interpreted as a rejection of the merits of
retail competition , but rather understood as a decision peculiar to the events
in california that have unfolded over the past 18 months .
* the ruling was motivated by the state ' s need to provide a stable investment
environment to support its impending $ 13 . 4 billion bond offering to cover
energy related costs .
* the demise of retail competition in california may delay other states '
efforts to open their markets . however , most states face a very different power
generation situation , practically ensuring that events in california will not
be repeated in their markets .
* from a market perspective this may actually be an ideal time to push forward
with retail choice programs , as many markets move into surplus capacity
situations .
* * end * *
follow above url for complete decision brief ( 10 printed pages ) .
e - mail category : decision brief
cera knowledge area ( s ) : western energy , retail energy
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