FYI.  Note below that even the mighty and powerful Power Authority's own crackerjack analysis asserts that there is still a net short (despite DWR contracts and DA "stampede"), which should leave one to believe that, contrary to Angelides' letter, the more the DA the better. Which further supports Loretta Lynch's response to the Angelides' letter that DA reduces the amount of spot power DWR has to buy.
Best,
Jeff
CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY 
Pace of Power Authority Renewable Portfolio Agenda is Slowed 
Quite possibly the most significant action taken at the October 19 Consumer Power and Conservation Financing Authority (Power Authority) was its inaction on contracts proposed for approval. The Power Authority has aggressively pursued a broad renewable portfolio, with the intent to approve contracts as soon as possible. 
Instead of approving a number of contracts on its October 19 agenda, the Power Authority deferred calendared decisions on request for bids until its November 2 meeting, acknowledging that no action can be taken until the Department of Water Resources (DWR) rate agreement stalemate has been resolved. 
Chairman Freeman stated that the Public Utility Commission's rejection of the rate agreement has created an obstacle for the Power Authority to exercise renewable contracts, to contract for peaker generation and/or to implement demand side programs. The Power Authority relies upon DWR's credit to fund these programs, and until a rate agreement is finalized the Power Authority cannot sign contracts. 
Freeman indicated that the Power Authority has signed letters of intent to purchase output from 14 biomass facilities in the Central Valley, as well as 400 MW generated by wind. 
With the Current Glut of Contracts, Why Do We Need Additional Reserves? 
Kellan Flukinger, Senior Advisor to Chairman Freeman and Laura Doll, provided a detailed presentation explaining why he believes the Power Authority must contract for additional renewable and peaking generation. Flukinger believes that despite direct access and the current glut of electricity supplied in long-term contracts, there still appears to be a net short of a few thousand megawatts within the State. 
Flukinger concluded that the State still is at the mercy of electric generators who are not subject to PUC regulatory authority and who have no real obligation to build and maintain new facilities or to serve customers within the State. He believes that the short-term contracts and spot purchases leave the state vulnerable to price-spikes and supply shortages. He believes that the reserve can be managed through Time-of-Use and Real-Time-Pricing, conservation, interruptibles, demand side management, renewables and peakers. 
Power Authority Names William Barry as Chief Financial Officer 
William Barry was approved as Chief Financial Officer of the Power Authority at its October 19 Board meeting in Sacramento. Mr. Barry currently works for the City of San Francisco, and has worked in the past for the New York Power Authority.