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Boom or Bust?: An Analysis of the Quantity of Power Plants Actually Built
Overview In May of 2000, the residents of San Diego were about to reap the benefits of the Golden State’s experiment in self-regulating power markets. The last of the competitive transition bonds issued to San Diego Gas and Electric (SDG&E) were paid off, paving the way for the free-market to set retail rates. However, retail prices quickly tripled. Throughout the summer of 2000, wholesale power prices rose reaching their peak in the winter of 2000-2001. Rolling blackouts affected California up until May of 2001. To the rescue, hundreds of new generation facilities were announced across the country. Plans to build our way to energy security were well under way. No one questioned the cost of this generation, since these power plants were backed by high-flying energy companies (with their high-flying stock valuations).
| Publisher | Montgomery Research | File Format | HTML |
|---|---|---|---|
| Date Published | January 2002 | Downloads | 1 |
| Format | White Papers | ||
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