I saw this and the companion article in today's Ruff & Tumble and since I didn't see it anywhere else, I thought I would post it.
I find it interesting that the more the Democrats look at the problems, the more it comes full circle back to the Cal ISO.
There is documentation in the SAC Bee that the ISO asked Enron to submit high power bids. There is documentation by the SAC BEE that the ISO required Reliant to schedule power to non-existent loads. There is documentation that the ISO and DWR & SMUD may have done some unusual power transactions. There is documentation that the ISO ignored warnings from the software designer Perot Systems that the system could be gamed. The ISO consistently improperly scheduled its power purchases, as documented by FERC imposing fines and then forgiving them.
Now recently within the past week we have questions about the ISO when temperatures and loads sored. Specifically, why did it drop the price of electricity by almost a factor of two? Why did the ISO not declare a stage 2 Emergency on Tuesday, when many within the ISO have said it should have?
Ah yes......doing business in California under Gov. Davis.