Energy production and use in california
Download
1 / 22

Energy Production and Use in California - PowerPoint PPT Presentation


  • 96 Views
  • Uploaded on

Energy Production and Use in California. 2002. 2001. Source: California Energy Commission http://www.energy.ca.gov/html/energysources.html. Source: California Energy Commission http://www.energy.ca.gov. California Electricity Use (Average MW). Source: California Energy Commission.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Energy Production and Use in California' - betty


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

2002

2001

Source: California Energy Commission

http://www.energy.ca.gov/html/energysources.html


Source: California Energy Commission

http://www.energy.ca.gov


California electricity use average mw
California Electricity Use (Average MW)

Source: California Energy Commission



The dual crisis in california
The Dual Crisis in California

  • Electricity Crisis

    • Inadequate Supply

    • High Wholesale Prices

  • Financial Crisis

    • Draining all Financial Assets of Utilities

    • PG&E Bankruptcy

    • SCE Settlement after Almost Bankruptcy

    • Decimation of State Budget





Natural Gas Spot Prices in California Week

Source: Enerfax.com



The dual crisis
The Dual Crisis Week

  • Although all municipal utilities and investor-owned utilities (IOUs) throughout the West faced the electricity crisis, on the California IOUs experienced the financial crisis.

  • Only these were under direct regulatory control of the California governor and the CPUC.

  • Two regulatory rules forced California IOUs into a financial crisis. IOUs were precluded from using long-term electricity purchase contracts to protect themselves from wholesale price spikes. Once wholesale prices sky-rocketed, Governor Davis and CPUC refused to allow retail price increases needed to keep investor-owned utilities financially viable and to encourage energy conservation.



Long Term Contracts Entered Into By California Week

Expected Price Range with $3 - $5 Gas


Bond payments
Bond Payments Week

  • $13 Billion Bonds Proposed

    • 15 Year Payments

    • 4% to 5% Interest

  • Annual Payment for Next 15 years: $1.2 Billion Per Year




  • Arnold schwarzenegger s announced energy program
    Arnold Schwarzenegger’s Announced Energy Program DuringCampaign

    • Create a coherent energy strategy to stimulate private investment; align the state energy agencies to support that strategy

    • Reform the wholesale power market to ensure stable supplies

    • Reform retail power markets to ensure competitive prices and better demand response

    • Assure adequate electricity generation capacity

    • Assure adequate and diverse fuel for power generation

    • Support all cost effective conservation and efficiency

    • Increase the reliability of the transmission grid

    • Support and encourage appropriate energy research and development

    • Explore ways to lower the cost of California’s overpriced power purchase agreements

    Source: http://www.joinarnold.com/en/agenda/


    ad