Posted on 07/17/2002 7:48:31 PM PDT by lewislynn
What part of Bankruptcy don't the regulators understand?
Companies can continue while the corporation holding company is being reorganized, I presume!
Regulators?...how can "deregulated" natural gas have "regulators"....What part of "deregulation" do they not understand?....
Oh I get it, "deregulation" doesn't really mean what THEY want US TO THINK it means.
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Steve Peace is not an Assemblyman and had nothing to do with deregulating natural gas and a little to do with the Republican's phony deregulation of electricity in Cal.
You'll find his name among others in the link as "Principal coauthors" and Introduced by: Assembly member (then Assembly speaker) (R) Jim Brulte.
And if you view source you'll see this : < meta name="AUTHOR" content="Brulte > "
FERC Rejects Calif Attempt To Challenge Some Power Deals
Also, FERC has some interesting stuff on their website this AM. Too bad Robert357 is on vacation.
Commission Orders Overhaul of California ISO Governing Board, Stress Needs for Independence [126k .pdf]
Is there anybody here who can convert these to text and post them?
"We find that the continuation of the existing Board will hamper the ability of the CAISO to implement the CAISOs market redesign proposal, and thus this Commissions ability to ensure non-discriminatory transmission services and just and reasonable rates in the West.This is because the State-controlled Governing Board of the CAISO (Board) is not capable of operating its interstate transmission facilities on a non-discriminatory basis. The Board continues to be in non-compliance with our December 15, 2000 order, establishing remedies for the California electricity markets, and Order No. 888, governing independent system operators.
[snip]
Because of these problems with the current Board, we direct the CAISO, following the procedures discussed below, to adopt a two-tier form of governance by January 1, 2003. The top tier will consist of an independent, non-stakeholder Board, while the lower tier will consist of an advisory committee (or committees) of stakeholders, which may recommend options to the Board, and an advisory committee of the California Electricity Oversight Board (Oversight Board), which will serve as the state of California's (State) and its agencies' representative in advising the Board. The top tier will have sole decision-making authority in all matters.
FERC just fired Gray Davis's hand-picked board!
You're the one who continues to fail to understand.
I have told you this before and apparently you are simply unable to comprehend it. I will try typing in bold type this time to see if that makes a difference.
Natural gas PRICES have been deregulated.
The TRANSPORTATION of natural gas is still regulated.
It's not a hard concept to grasp.
A ten-fold jump in wholesale electricity prices caused a series of blackouts and the bankruptcy of California's largest utility, Pacific Gas & Electric, owned by PG&E Corp.
As I said before, you can't be a little bit pregnant. And energy deregulation is a phony scam on the consumer.
The price on the spot market for natural gas was not affected by transportation costs whatsoever. If the demand wasn't there, the prices would fall, even below cost if necessary, to move it.
This story is a case of a pipeline company who was hosing other companies, and it has nothing to do with the consumer at all.
None of this will change your repeated mantra, which you repeat endlessly in spite of overwhelming evidence.
I don't think we disagree on this statement!
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