West / Regional Reports

Electricity Price Controls Applied

June 19, 2001
/ Print / Reprints /
/ Text Size+
WASHINGTON, DC — The Federal Energy Regulatory Commission (FERC) has imposed price controls on wholesale electricity throughout the Western states. Calling it a plan that is “good for the entire West,” chairman Curt L. Hébert Jr. said, “It represents an effort to provide some relief now, while making sure that mitigation is short-lived.” In a unanimous vote, the commission expanded its price mitigation plan for California spot market sales during power emergencies to now apply 24 hours a day, seven days a week. The curbs on prices in the spot electric markets were also broadened to cover the entire 11-state Western region, stretching from Washington down to New Mexico. FERC had been under pressure to do something about electricity prices in the West, which had skyrocketed to 10 times the level of 1999. “The commission’s goal remains to fix dysfunctional markets and to ensure that markets regain their competitive footing as quickly as possible,” said Hébert. California Governor Gray Davis said the move is “a step in the right direction.” But he added, “Californians have been overcharged billions of dollars for electricity. To date, they have received one cent in refunds.”


Did you enjoy this article? Click here to subscribe to The NEWS Magazine

Recent Articles by Mark Skaer

You must login or register in order to post a comment.



Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.


NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts


NEWS 04-21-14 cover

2014 April 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe


Which statement on service calls best applies to your business?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con