As a PhD utility economist, I support the resolution. There’s no choice.
But the current market situation for SJCE will get worse, posing financial risks in the of $100s. SJCE is making commitments worth billions of dollars to serve loads that can disappear quickly due to opt-backs, open access, or low-cost self-generation, forcing the SJCE to dump surplus power at a loss. The Council needs a fresh rethink SJCE’s strategic options. No easy answers but current path sure to get ugly.
As a PhD utility economist, I support the resolution. There’s no choice.
But the current market situation for SJCE will get worse, posing financial risks in the of $100s. SJCE is making commitments worth billions of dollars to serve loads that can disappear quickly due to opt-backs, open access, or low-cost self-generation, forcing the SJCE to dump surplus power at a loss. The Council needs a fresh rethink SJCE’s strategic options. No easy answers but current path sure to get ugly.