Risk.net

California’s master plan

For the first time, three Californian regulatory bodies have joined forces toissue a comprehensive energy plan aimed at preventing the blackouts and pricespikes that caused chaos in the state two years ago. Specific measures in theplan include cutting consumer demand through conservation, building up to 2,000megawatts (MW) of new plant capacity each year and adding more renewable generation.

“These initiatives will send a signal to the market that California is a goodplace to do business,” sa