blackouts skyrocket global political unrest

: 1 In addition, rolling blackouts adversely affected many businesses dependent upon a reliable supply of electricity, and inconvenienced many retail consumers.Ĭalifornia had an installed generating capacity of 45 GW. This caused an 800% increase in wholesale prices from April 2000 to December 2000. The state suffered from multiple large-scale blackouts, one of the state's largest energy companies collapsed, and the economic fall-out greatly harmed Governor Gray Davis's standing.ĭrought, delays in approval of new power plants, : 109 and market manipulation decreased supply. state of California had a shortage of electricity supply caused by market manipulations and capped retail electricity prices. energy crisis of 20, was a situation in which the U.S.

The 2000–01 California electricity crisis, also known as the Western U.S. Governor Davis ends the state of emergency. The Enron Tapes scandal begins to surface. files for bankruptcy.īlackouts affect upwards of 167,000 customers.įollowing the bankruptcy of Enron, it is alleged that energy prices were manipulated by Enron.įederal Energy Regulatory Commission begins investigation of Enron's involvement. Governor Davis declares a state of emergency. San Diego Gas & Electric Company files a complaint alleging manipulation of the markets.īlackouts affect several hundred thousand customers. īlackouts affect 97,000 customers in San Francisco Bay area during a heat wave. Pete Wilson signs Electric Utility Industry Restructuring Act (Assembly Bill 1890) and it becomes law.

California begins to modify controls on its energy market and takes measures ostensibly to increase competition.

Blackouts skyrocket global political unrest