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Pastimes : The California Energy Crisis - Information & Forum

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To: deepenergyfella who started this subject2/17/2001 4:16:11 PM
From: Raymond Duray   of 1715
Hi deepenergyfella,

Here's a NY Times article that talks a bit about gaming the California markets:

"California's Panic Was Moneymaker for Energy Sellers"

Mr. McIntosh, the scheduling director at the power agency here and a 29-year veteran of the regulated electricity world, recalls being invited by a group of out-of-state energy companies to a Colorado resort five years ago for a "pick-your-brain" conference on how deregulation would work.

"They had a group of M.B.A. types out there that were already figuring out how they were going to make money in the California market," said Mr. McIntosh, who came back to California and wrote a memo to his bosses at Pacific Gas and Electric about the session.

"These guys are going to eat our lunch," he said he recalled writing. "And the rest of California's. And they have."

I have an associate who has had many years of experience with the California power market. When I wrote to him in late January inquiring about the crisis at the Cal ISO:
he replied in a cryptic yet crystalline fashion --"What crisis?"

Thanks for providing the thread and all the great links in the original post to start the thread. I do have a favor to ask, however, and that is that those who are providing copies of press information provide the URLs for the same. Two reasons are so that I may seek out related articles that other sites can provide (the LA Times has a terrific series of articles, BTW) and the second reason is that, from time to time, some posters have been known to "doctor" documents (remember EMLX?) and it is best to get back to the originating source on as much web based information as possible. The California energy situation is clouded in a sea of disinformation and obfuscation, in accordance with Sun-Tzu's prescription in "The Art of War", and the best we can do it to try to seek the best information we can from trusted sources. TIA

Best, Ray :)
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