Outgoing U.S. Energy Sec. Bill Richardson said taken together the new standards will save consumers and businesses more than $19 billion through the year 2030 and eliminate the need to build 91 400 MW power plants. He said the residential central air conditioner standard alone will avoid the need for 53 of these plants.
Jan. 18, 2001—Southern California Edison Co. Thursday defaulted on a $215 million payment to the California Power Exchange. The utility had received a 2-day extension from the Federal Energy Regulatory Commission to make the payment.