-----Original Message-----
From: webmaster@cera.com [mailto:webmaster@cera.com]
Sent: Thursday, October 04, 2001 9:00 PM
To: clients@cera.com
Subject: California Regulators Suspend Direct Access to Competitive
Energy Suppliers - CERA Decision Brief 



Title: The End of Retail Electric Competition in California 	
URL(s):	

http://www20.cera.com/eprofile?u=35&m=2713;

http://www20.cera.com/eprofile?u=35&m=2714;


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CALIFORNIA REGULATORS SUSPEND DIRECT ACCESS TO COMPETIIVE ENERGY SUPPLIERS

California, once considered a harbinger of retail electricity deregulation, is 
reversing its previous efforts to create a competitive market for electricity. 
Suspending direct access is the latest--though probably not the final--event in 
an ongoing series of developments and unique conditions that has made 
deregulation a rocky road for players in the California market. 

*  This decision should not be interpreted as a rejection of the merits of 
retail competition, but rather understood as a decision peculiar to the events 
in California that have unfolded over the past 18 months. 

*  The ruling was motivated by the state's need to provide a stable investment 
environment to support its impending $13.4 billion bond offering to cover 
energy related costs. 

*  The demise of retail competition in California may delay other states' 
efforts to open their markets. However, most states face a very different power 
generation situation, practically ensuring that events in California will not 
be repeated in their markets. 

*  From a market perspective this may actually be an ideal time to push forward 
with retail choice programs, as many markets move into surplus capacity 
situations.


**end**

Follow above URL for complete Decision Brief (10 printed pages).



E-mail Category: Decision Brief                                    
CERA Knowledge Area(s): Western Energy, Retail Energy


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On September 17, CERA Chairman, Daniel Yergin, led a Global 
Client Conference Call discussion on the potential economic 
and energy industry fallout from the recent terrorist attacks 
on New York and Washington DC.

The playback of this conference call is now available at on the 
web at http://www.cera.com/highlights/teleconf_20010917/
or via telephone at: 1-888-203-1112 (within the United States) 
or 719-457-0820 (outside the United States). Please use 
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The playback is available until October 17, 2001. 
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CERA's Autumn 2001 Roundtable event dates and agendas 
are now available at http://www20.cera.com/event
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