April 2001

Trends and Resources

HP Impact: HPImpact: Quick fixes make energy problems worse in California

Actions taken thus far by California officials to remedy the state's energy crisis not only fail to address its underlying shortage problem, but in some cases are making matters worse. So says Lawrenc..

Weirauch, Wendy, Hydrocarbon Processing Staff

Actions taken thus far by California officials to remedy the state's energy crisis not only fail to address its underlying shortage problem, but in some cases are making matters worse. So says Lawrence J. Makovich, Senior Director of Cambridge Energy Research Associates (www.cera.com). Here are highlights from his recent remarks to the U.S. House of Representatives Subcommittee on Energy and Air Quality. "The state is creating large problems for the future by financing current power purchases and pushing payments into the future," Makovich testified. "California has signed the wrong types of long-term power contracts by agreeing to pay for energy volumes at fixed prices in the future. Havi

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