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Enron Mail |
All:
A couple of interested points from the CAISO report, in addition to the good points raised by Sue Mara: During December and January, California relied on imports as much as it relied upon California non-utility-owned generation (p. 18). Assuming a 70% capacity factor, the ISO said that in-state nonutility gen (i.e., Duke, Reliant, AES, Dynegy) is about 2,000 MW and the imports were about the same over the 55 day period analyzed. There is no mention anywhere in the report regarding the level of scarcity in the state--nothing on reserve margins or outages. Thus, there are huge holes in the analysis w.r.t. the claim that prices were unjust and unreasonable.
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