AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Calif.'s Power Crisis: The Real Shortage May Lie In Courage To Increase Rates.(A)(View Point)
By Richard B. McKenzie
California has been teetering on the brink of a full-fledged electric power crisis.
The state's current problem is explained by several factors: past restrictions on the development of new electric generation plants in the state, growth in electricity demand due to the expanding state economy and a curb in supply due to the need to take power plants off line for maintenance.
The threatened bankruptcies of key electric ut
ility companies, which is compounding the problem, is attributable to this fact: The rates these companies are allowed to charge their customers have beenfrozen in place, even as the prices they have had to pay for wholesale power have risen the past year by several hundred percent.
The resulting electricity shortage may force electric utilities to ration electricity. That means the current will be cut off to various sections of the state an hour at a time in what are called rolling blackouts, disrupting the livelihoods of many Californians.
To solve the long-term electricity problem, the state will have to come to grips with the fact that California's growth is tied to relaxing restrictions on new generating plants.
- California Commission Considers Electricity Rate Hike.
- Newspaper article from: Knight Ridder/Tribune Business News March 27, 2001 700+ words
...because of the urgency of the state's electricity shortage, even though the commission may need...approved by the commission Jan. 4. The rate hike is one of four major actions that the...that he still is not convinced that a rate hike is necessary. But most lawmakers...
- DELAY IN INDONESIAN TELEPHONE RATE HIKE RECEIVES COOL RESPONSE.
- News wire article from: AsiaPulse News January 17, 2003 700+ words
...Representatives (DPR) to suspend a telephone rate hike received a cool response from many residents...yesterday. "The delay in the telephone rate hike will have no impact whatsoever as the...commodities were not caused by the telephone rate hike but by fuel price and electricity ...
- ICC Grants Nicor $28 Million Rate Hike, CUB Argues Company Doesn't Deserve...
- Press release article from: PR Newswire September 21, 2005 700+ words
...has granted Nicor Gas a $28 million rate hike at a time when its customers already...s original request for a $78 million rate hike, CUB's experts planned to file a petition...federal fraud probes, did not deserve any rate hike. "The rate hike is significantly lower...
- China's central bank denies submitting RMB interest rate hike proposal to State...
- Newspaper article from: China Business News June 22, 2004 700+ words
...central bank denies submitting RMB interest rate hike proposal to State Council Shanghai...bank, denied submitting an RMB interest rate hike proposal to the State Council, as had...their main evidence in arguing that a rate hike was inevitable. In May, the CPI rose...
- NIPSCO TO SEEK RATE-HIKE REDUCTION
- Newspaper article from: Post-Tribune (IN) December 3, 1986 700+ words
...Service Commissionhearings into the rate-hike are completed. The reduction would result in a $76.4 million rate-hike spread over three years rather than...All but $8.7 million of the rate hike would come in 1987 and 1988. Under...
- Court orders ICC to rethink Centel rate hike
- Newspaper article from: Des Plaines Times (IL) DEBORAH HOCHSTETTLER November 23, 1995 700+ words
...reconsider its approval of a $6 million rate hike and restructuring plan for the utility...9 ruling overturns the controversial rate hike and restructuring plan approved last...court ruling. CUB attorneys appealed the rate hike. In its order, the court agreed with...
- INTEREST RATE HIKE BY FED FORESEEN.(BUSINESS)
- Newspaper article from: Albany Times Union (Albany, NY) September 24, 1996 700+ words
...change and those arguing for a half-point rate hike. ``A quarter-point rate hike might be the compromise reached between those...Association of Home Builders, argued that the rate hike was unnecessary and could have a severe impact...
- Centel to appeal rate hike ruling
- Newspaper article from: Niles Herald-Spectator (IL) DEBORAH HOCHSTETTLER December 7, 1995 700+ words
...lower court ruling against a $6 million rate hike and restructuring plan approved by the...ICC to reconsider its approval of the rate hike and restructuring plan for the utility...the Citizens Utility Board appealed the rate hike after several local hearings were held...
