DWR needs to buy some power in the spot market, that is why if theoretically had the skill to step into the ISO's shoes. In reality, DWR was way out of its league in terms of skill and scope.
The Power Authority was suppose to be set up with consultants and skilled folks so that it would be able to play in the big leagues with the big boys in the buying and selling of power. It is now an expensive toy, waiting to be activated. It likely will never be fully activated as this thing is looking more and more like it will collapse pretty soon.
That's so funny I almost can't stand it.
Guidance on contracts??? You mean the ones that locked in historically- high prices for up to twenty years?
Market trends? Yeah, right. They predicted the groundswell of energy conservation that saved the state this summer. Sure. They predicted the dot-com bust, too.
Fuel costs? I'm sure they were telling Davis that natural gas prices were sure to go up, when in fact they have gone the other way.
And the bond deal?? That's really rich. WHAT bond deal?
Only in government can you "advise" the exact opposite of what you should have and still stay in business...for a while.
No, these clowns were fired because their advice has made Davis look like the fool that he is.