results calif power auction ca reviews state power auction results california closely watched entry long term bulk power market turned 39 bidders average 6 9 cents kwh price governor office reported late wednesday state government finished whirlwind 27 hour sealed bid power auction gov gray davis said state received representative bid good deal power bid good sample certainly one gives us optimism tom hannigan director state water resource department oversaw auction said state obtained useful sample across times day across spectrum year quite pleased initial results look forward looking bids developing long term contracts fundamental responsibility purchase power best possible prices consumers businesses wednesday bids internet based auction initially accessed davis said expected new law state legislature feb 1 giving state authority consummate deals involving best bids received quick turnaround auction bids covered six month three five 10 year durations hearings sacramento continued omnibus new law would give state long term buying authority also decide handle operation utility hydroelectric generation system market purchased power contracts called qualifying facilities qfs bidders utilities market participants expressed initial enthusiasm state new program san diego based sempra ceo telling financial community thursday encouraged state auction yet detailed information bids first round opinion first round governor said quite encouraged going see power allocated three utilities costs recently paying wholesale power market said sempra stephen baum ease financial situation three utilities give us greater liquidity opening way measures discussed securitization uncollected balances california governor also pushed ahead several fronts announcing three new energy related advisors plucked public private sectors mike peevey former utility president turned successful energy startup entrepreneur david freeman general manager nation largest municipal utility veteran four decades public power frank zarb nasdaq stock market ceo former top level energy adviser presidents nixon ford administrations washington c 1970 peevey whose wife elected state legislature november serve davis energy adviser freeman help state water resources department develop long term power contracts zarb advise davis energy finance market issues also wednesday davis announced newly created five member politically appointed board state chartered transmission grid operator cal iso held first meeting replaces 26 member industry stakeholder board davis regularly criticized representing energy companies rather consumers new members include close aides governor business transportation cabinet level secretary head state electricity oversight board senior policy adviser along veteran consumer group attorney chief staff person silicon valley manufacturing group california based spokesperson duke tom williams confirmed company participated auction bids contingent coming agreeable credit terms reliant also reportedly participated auction balls state court williams said addition announcing made credible bids state water resources department run electricity auction duke noted pre scheduled outages two power plant units upgrade air emission controls one moss landing san diego south bay nearing completion would back end january moss march respectively