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I guess the best defense is a good offense. Some articles say that Freeman may be the scapegoat on some of this study as LADWP cooperated with many of the "politically evil generating companies." Actually, if there is any truth to the report it will likely shread the Cal-ISO, but that is another story.
Seriously, in reading my issue of Clearing-UP a utility trade publication, it indicated that Ashcroft Justice Dept attorney's had supinoed (sp) Cal-ISO for a months worth of documents that are due to be produced by March 4th. I wonder if that is going to start making headlines?
This is a teaser version they post for the public of some articles
Actually they have an interesting story that is relevant.
The so-called "Death Star" strategy did not harm California's electricity market during the power crisis of 2000 and 2001; in fact, it benefited the state's electricity consumers. That's the position taken in testimony filed on behalf of Portland General Electric last week in the Federal Energy Regulatory Commission's investigation of whether PGE and Enron Power Marketing Inc. manipulated power prices. Testimony filed on behalf of EPMI claims the Death Star transactions were not improper because they actually relieved congestion in the Cal-ISO market--but even if certain EPMI-PGE transactions were found to be illegal, the refund amount would be less than $173,633.
Yes, it will be interesting to see how the dust settles on all the bluster that Davis has been spouting on the evil price gougers. I expect that FERC will make some findings that send money back to California, but probably not as much as FERC is going to make utilities pay certain power companies, labled by Davis as evil price gougers.