U.S. Energy Sec. Richardson warns of ‘liquidity crisis’

Electricity supplies are tight, natural gas prices are high, and wholesale electricity prices remain much higher than historic norms, Richardson explained, putting the state’s utilities at risk.

PALO ALTO, Calif., Dec. 18, 2000–With power shortages at all time highs, Californians are being asked to keep the refrigerator door closed, turn off the holiday lights, put on a sweater, back up their documents, and shut down the office.

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