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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/19/2001=
=20 08:07 PM --------------------------- "Dennis Ray" <djray@engr.wisc.edu< on 02/19/2001 01:51:42 PM To: "Vince Kaminski" <Vince.J.Kaminski@enron.com< cc: =20 Subject: PSERC Internet Seminar on California Please feel free to join us if you can. Let me know if you have any questions about how to connect on-line. Dennis ---- Dennis Ray Executive Director 608-265-3808 PSerc Internet Seminar February 20, 2001 Time 1.10 PM Central Time Black and Blue: The California Electricity Restructuring Saga George Gross Professor Department of Electrical and Computer Engineering University of Illinois at Urbana =01) Champaign Abstract California led the nation in the electricity restructuring arena. Starting with the various and numerous forums of all the stakeholders at the California Public Utility Commission, a wide =01) sweeping regulatory refor= m act giving customer choice to everyone was enacted in 1996. The implementation of the restructuring began in 1998. Since May 2000, the prices in the wholesale California electricity markets have stayed at extremely high levels. Since the restructuring has frozen the prices at the retail level, the market developments have put the two largest California utilities on the verge of bankruptcy. In addition, the state has suffered major impacts due to the shortage of electricity in the past 9 months. Ther= e are key developments at both the state and federal levels impacting the California situation. This presentation will review the major reasons for this =01&dismal and dangerous situation=018 in California. The focus will be on the market developments and their interaction with the regulatory initiatives. The experience to date will be assessed in terms of key issues in market redesign and supply availability. The importance of the California developments to the restructuring across the nation will be discussed. George Gross is Professor of Electrical and Computer Engineering and Professor, Institute of Government and Public Affairs, at the University of Illinois at Urbana-Champaign. His research and teaching activities are in the areas of power system analysis, economics and operations, utility regulatory policy and industry restructuring. Formerly with the Pacific Gas and Electric Company, Dr. Gross founded the company's Management Science Department and held other key management and policy positions. A Fellow of IEEE, Dr. Gross was awarded the Franz Edelman Management Science Achievemen= t Award by the Institute of Management Science. Instructions for Audio Connection Dial the number given below and enter the participant code when asked to do so. Dial In Number: (865) 523-8587 Participant Code: 105600 IP Address for Netmeeting Read the instructions to down load and install Netmeeting. At about 12.50 P= M Central Time on February 20, 2001, dial the following IP address in Netmeeting 128.174.115.17 Please make sure the resolution on your machine is set to 1024 x 768 . This will be the setting on the machine at which the Power Point slides originate. If your machine is not set to the same resolution, the slides on your machine during the seminar will lose information.
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