Word: richardson
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With the California utilities so shaky, it was hardly surprising that some generating companies were reluctant to supply them with more power. To keep the juice flowing, outgoing Energy Secretary Bill Richardson last month ordered suppliers to keep selling to California--a demand that rankles. "Suppliers such as ourselves are being forced to assume [the utilities'] credit risk with no promise of payment," says Steve Letbetter, CEO of Reliant Energy in Houston. "This is unreasonable and unfair and cannot be allowed to continue...
...south and find themselves exposed to a cruel market driven up by their neighbor's woes. "Retail utilities may lack the financial resources to purchase needed supplies or build the generation we all agree is necessary," Oregon Governor John Kitzhaber wrote in a letter to outgoing Energy Secretary Bill Richardson last month...
...Abraham extended just-departed Energy Secretary Bill Richardson's standing order to force western energy suppliers - and the neighboring states they supply - to continue selling their surplus electricity to California and its drowning-in-debt utilities. This despite the wide-open question of whether the utilities (or anyone else) will ever pay them for the juice...
...will have gone online, and the state's power crunch may well be eased. And by then, the Bush administration may have come up with some fresh answers of its own (Abraham's current plan for keeping oil prices manageable? Diplomatic talks with OPEC, which you'll recall was Richardson's Plan...
Returning to private citizenship, Richardson plans to open a conflict resolution center and to teach in his home state of New Mexico as well. He is considering writing a book about his experiences in international hostage rescue as a member of Congress. Richardson also intends to give speeches around the country and to sit on a number of boards...