Disaster By Design: California's Experience with Electricity Restructure: The Origins (A) Case Solution
The power shortages and blackouts of 2000 and early 2001 brought international attention to the electricity deregulation regime embraced four years previously by the state of California. This case provides the procedure through, along with a definitive accounts of the nature of that deregulation and the alternatives contemplated as it was crafted.The case describes how elected officials and California regulators sought to keep the coordination and functioning efficiencies related to the present vertically- and horizontally-integrated system while enabling a competitive marketplace to thrive. Because it stops short of describing what just appeared to go wrong when California was hit by the electricity crisis, the case demands evaluation and discussion of the unintended effects of the deregulation regime selected-including the choice to fix retail costs during a transition period. It provides in-depth descriptions of the function of a vital new association, the "independent system operator" and the function California selected for it to play in easing power trades.
This is just an excerpt. This case is about FINANCE & ACCOUNTING
PUBLICATION DATE: October 01, 2001 PRODUCT #: HKS492-PDF-ENG
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