Word: spiking
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...politically, it can be a tough sell. In California's half-assed deregulation plan, tough environmental regulations, a demand spike and a rickety transmission system conspired to leave the utilities subsidizing the ratepayers, and the ratepayers/taxpayers somehow convinced they shouldn't have to pay a penny more...
...Jenkins' course focuses on the artistic and protest underground cinema movements of the '50's and '60's and continues right up to modern Indy film leaders like Spike...
...state's appetite for electricity was growing fast, its generating capacity was getting no bigger. Today California imports about 25% of its juice from neighbors in the Southwest and Pacific Northwest--a link that has frayed with the growing demand in those areas. Nor did anyone foresee a spike in rates for natural gas, which fires about half of California's generating plants and can account for more than half of the price of electricity. Then, as the rising demand for power met its restricted supply, the wholesale price of energy jumped from less than 5[cents...
Critics say the Governor's innate sense of caution is to blame. "This problem could have been solved six months ago and at $10 billion less for the utility companies," says Representative Keith Richman, Republican minority whip in the state assembly. Richman points out that following a spike in power rates in San Diego last August, Republicans wrote a letter to Davis calling for a special session of the legislature "to solve California's energy crisis." The Governor did not respond. "The reason we are at this crisis today is because of the Governor's lack of action and lack...
...most other deregulated states have learned that prices can move in the other direction too. In Massachusetts, where consumers were promised 15% cuts, rates have skyrocketed as much as 50%. A recent report from the Union of Concerned Scientists implied that this spike might not be entirely the result of market forces. Since deregulation began, plants have been shut down for maintenance nearly 50% more often than before, which could have the effect of creating artificial shortages. The producers deny any collusion and point to stricter environmental rules as a reason for the increases...