FERC uncaps California power prices

The ISO operated under a Stage 1 alert at mid-day Monday, signifying reserves were below 7%, after calling Stage 2 emergencies Saturday and Sunday, indicating reserves were below 5%. Monday, ISO officials called for supplemental bids of 3,000 Mw and forecast a peak demand of 33,910 Mw. About 8,500 Mw is still off line in the state, down from 11,000 Mw last week, the ISO said, but electricity supply continues to be tight because of limited imports from the Northwest.

Dec. 11, 2000—The Pacific Northwest remains under an electricity warning Monday.

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