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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jan 25, 2001
Page
5
California spends rapidly from a $400 million emergency fund as utilities seek court protection to block payment defaults and the Power Exchange. The California ISO warns of Stage 3 alerts with rolling blackouts possible while lawmakers search for long term solutions.
FOLSOM Calif AP Megawatt hunter Bob Sullivan promises souvenir T shirts to those who can keep the lights on as California faces Stage 3 power alerts for the ninth straight day. He and a tight ISO team hunt for unused capacity and last minute power from suppliers across the West and Mexico to avert outages.
State grid officials declare a Stage 3 alert for the eighth day as reserves dip near 1.5 percent. Bush extends federal orders amid solvency concerns. California spends over 113 million of a 400 million fund to buy power for two near bankrupt utilities. Davis admin invites bids for long term contracts. Brown orders 5 percent cuts in city energy use. Lawmakers pursue state controlled power plan. Edison and ISO urge FERC to regulate wholesale prices for the next two years.
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