Author Description

Examines how California's electricity industry, recently restructured into a competitive system, meets the fundamental goals of economic efficiency and achieving the State's public policies. Describes the key building blocks of the restructured system; discusses in detail the major effects of restructuring; examines the potential for small-scale, widely-dispersed generators to provide a significant portion of the state's electricity; discusses the unique opportunities for publicly-owned utilities in a competitive market; and assesses supply and demand trends, establishing criteria for determining the need for new power plants.