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New Questions On Handling of Power Prices in California

Date: June 8, 2002
Author: Neela Banerjee
QUOTE: [Xcel Energy suggested] that three big competitors — Mirant, Duke Energy and the Williams Companies — may have schemed to drive up the price of power in California.

ABSTRACT: Energy traders knew manipulative techniques to influence the price of energy in unstable markets (like Californnia), though the effectiveness and impacts of such techniques are in dispute. Xcel released a transcript showing conversations among traders (e.g. a former employee) about how such manipulation could be done.

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