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California / Energy Crisis / An Update / Davis Interview #656005

CNN Evening News for Friday, Jan 18, 2002
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(Studio: Aaron Brown) Report introduced.

(Los Angeles and Santa Monica, California: Willow Bay) The question of what happened to the energy crisis in California since 2000 and 2001 examined; details given of consumer conservation, the state's addition of electrical power plants and the state of alert for a new energy storm. [California Power Authority chairman David FREEMAN - comments on the crisis in the electrical power industry.] [June 24, 2001, Governor Gray DAVIS - jokes about energy tips.] [California Public Utilities Commission President Loretta LYNCH - says the energy speculators moved in. ] [Schwab Washington Research Group analyst Christine USPENSKI - says the recession ended the crisis.] [June 27, 2001, DAVIS - opens a new power plant.] [University of California Energy Institution director Severin BORENSTEIN - says the long-term energy contracts helped.] [The Utilities Reform Network executive director Nettie HOGE - says it is still a "quiet crisis."]

(Studio: Aaron Brown) Taped interview held with Governor Davis. [DAVIS - says we had conservation and added 11 plants on line in 2001; admits the energy crisis was a massive failure down the line that led to company bankruptcies; says today's rates are comparable to what most Americans are paying, but costs have to be paid off; admits deregulation failed and the crisis will be an issue in the coming state election.]

Reporter(s):
Bay, Willow;
Brown, Aaron
Duration:
00:09:20

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