Opinion ID: 2631746
Heading Depth: 1
Heading Rank: 5

Heading: The western energy crisis

Text: From the spring of 2000 to the summer of 2001, the western United States slipped into an energy crisis, which caused the wholesale power markets to experience dramatic price increases. Consequently, under the deregulation legislation, any added costs from a utility's electrical purchases on the wholesale markets were being passed on to the customers. In response, the Legislature enacted Assembly Bill 369 in April 2001. [10] A.B. 369's purpose was to renew Nevada's comprehensive regulation over electric utilities during the energy crisis, which would allow the State to regain control of energy costs and also ensure that the public had a steady supply of electricity. [11] To accomplish this goal, A.B. 369 abolished the utility restructuring scheme and reinstated deferred energy accounting.