The decision to create imaginary congestion in the day ahead market was apparently a part of an illjudged effort to stop energy from leaking out of California. While the implications of this odd strategy are difficult to estimate, it is clear that these imaginary contracts contributed to higher prices in the Pacific Northwest, unnecessarily cancelled schedules between the regions, and may have reduced the overall supply of energy available to meet load on the West Coast. Overall, such measures would be expected to raise costs to consumers and profits to suppliers.
I wonder if the SF Chronicle will print that? LOL.
Free Republic article is linked here and the hot stuff is toward the end as far as links to past sins of the Cal ISO
I think that the truth about the ISO is beginning to come out. When it all comes out, I wonder how Gov Davis is going to look?