While there are agreements in principle for the full amount, the report notes that generators can back out of the contracts for a variety of reasons, including the state's failure to sell bonds to finance power purchased by July 1. We owe the people the truth about how difficult this summer is going to be. We don't have a power fairy. He also proposed a crash campaign to boost sales of efficient appliances and lightbulbs. Davis had proposed a formula Tuesday to force private utilities to pay the alternative producers, some of which have not been paid since November.
Many producers generate electricity from wind, sun and geothermal sources.
Davis assumes that the price of natural gas will fall. The Public Utilities Commission is expected to approve Davis' proposal next week. If we operate, we'll lose money. Ridgewood is not operating, having been cut off by gas suppliers. A hearing is scheduled in El Centro today in another lawsuit filed by a small energy producer, an Imperial Valley geothermal producer that sued Edison for refusing to let it break its contract and sell on the open market.