Schwarzenegger aims to repair Calif. power market - Yea Palast was right.

[dutchdemocrat]

Schwarzenegger aims to repair Calif. power market

SAN FRANCISCO, Oct 7 (Reuters) - Arnold Schwarzenegger vows to put market economics to work to fix California's electricity market if he wins the recall election Tuesday, but critics warn his plan would merely repackage much of the state's failed deregulation law.

"I give his plans a grade of 'F'. Arnold would impose a failed policy on us. It's dangerous for our economy," said Loretta Lynch, former president of the California Public Utilities Commission appointed by Democratic Gov. Gray Davis, the target of Tuesday's recall.

But the plan also contains elements that energy analysts advocate, including a more competitive marketplace, new power plants, upgrading the transmission grid, and closer coordination of power supplies with neighboring states.

http://www.forbes.com/business/energy/newswire/2003/10/07/rtr1102087.html

SNIP
SNIP

RESHAPE THE MARKET

The plan calls for reshaping California's wholesale power market by borrowing from market deregulation in Texas, New England and the Middle Atlantic states and adopting the Federal Energy Regulatory Commission's plan to revamp the nation's grid by creating super-regional transmission systems.

SNIP

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(((((((((It's on his website as well. Cheeky bugger.

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From www.joinarnold.com

What specific moves would you make to bring certainty to the energy market and to guard future blackouts?

I will restore stability to our energy system and stimulate private investment in electricity generation and transmission. The blackouts had a terrible impact on our economy and were yet another result of failed leadership in Sacramento. I have a six point plan that will prevent further blackouts. I will reform the state's 13 state agencies and create a uniform energy strategy that stimulates investment and ultimately produces more reliable and more affordable electricity for Californians. I will create a working regulatory structure based other states and the FERC standard market design; we will look towards replicating the successful regulatory models in other states to stimulate private investment in electricity generation and transmission while also eliminating incentives for gaming the regulatory system. I will invest in natural gas and electricity transmission capacity. This administration will encourage conservation by allowing large customers' rates to move up and down with changing electricity costs. I will create reserve requirements for power generators. I will address overpriced legacy power purchase agreements.


http://www.joinarnold.com/en/agenda/arnoldsviews.php#aa1

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((((((((See Palast's or Leopold's articles on the love affair between Arnold and Ken lay here if you don't know the background of the story.

http://www.gregpalast.com/detail.cfm?artid=284&row=0

You can also see Energy journalist Jason Leopold's angle on it here

http://newsreview.com/issues/sacto/2003-08-28/essay.asp

[nadinbrzezinski]

1. my, my and if and when he gets the boot

they will be able to rape the state once again

[xxqqqzme]

2. wonder who wrote that energy

policy statement? It certainly wasn't him. He doesn't know enough about policy.

[cosmicdot]

3. oh, great ... another scripted pseudo-leader

I don't have to know anything ... you just need to know how to read ... that is what I believe and will do ... don't'cha know?



love to hear him say that "I will restore stability...overpriced legacy power purchase agreements." off-the-cuff.

when do the local state legislator recalls begin?

we're in civil war

[The Backlash Cometh]

4. Oh hurry! Someone warn the California voters...

Oops. Too late.

[JanMichael]

5. Wait! I thought the Gropenator was a Dem plant?!

That somehow we'd been exceptionally clever.

[VeniceBeat]

6. We Californians Look Forward to Our Residential Energy Bills

moving up and down like a roller coaster.

Ken Lay: "Exxxxxxxxxxxcelent!"

[denverbill]

10. Yes, but who cares? At least they aren't 'taxes'.

Dumbass Republicans don't care if tax brackets aren't indexed and they move into a higher tax bracket because of inflation. Dumbass Republicans don't care if their utility bills double and gas prices double.

All they give a shit about is giving the wealthiest 1% a 50% tax cut, while they themselves pay more and Social Security goes down the tubes.

[Classical_Liberal]

7. Yep this is why Davis should have made this issue front and center

in his campaign against Arnold.

[fizzana]

8. Now that Arnold is governor expect Bush to bend over

backwards to help Calilfornia to make Arnold look good.

[FlemingsGhost]

9. Bwwwwaaaaa-hahahahaha... Good luck, Californians. Suckers!

We may have miserable economic problems here in Oregon, but at least we were smart enough to recognize that it was Ken Lay and Enron that were fucking us... but good.

Our reaction was to give serious consideration to public ownership, and will vote on a referendum this November. What did you folks do? You blamed Gray Davis (nevermind it was Pete Wilson, a Republican, who ushered in the scam via deregulation) and went and installed a semi-articulate political neophyte, who wants to revive the failed policy.

Have fun, folks.

[The White Rose]

11. Thanks for the encouraging words.

Do you really think that any Californian DUer who might read your delightful post wanted this to happen? Shooting the wounded must be thrilling for you...

[bushisanidiot]

12. Uh, Doesn't He Have to Check With Cheney Before Trying To "Fix" anything

to do with Caleefornia's power problems?? Slick Dick has to give the ok first.