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News Release
Commission To Hold Hearing On Power Market Price Spikes
August 11, 2000 (2000-038)
Contacts: Ron Eachus, Chairman, 503 378-6611; Roger Hamilton, Commissioner 503 378-6611; Joan H. Smith, Commissioner, 503 378-6611; Bob Valdez, Public Information Officer, 503 378-8962
Salem, OR - The Oregon Public Utility Commission will hold a special public meeting August 14, 2000 from 1pm to 4pm in the Commission's main hearing room to examine the recent run-up in energy costs in the Northwest.
Officials with the Oregon Office of Energy will join the Commission in an effort to get explanations to questions about the volatile price spikes in electric and natural gas wholesale markets.
"We are entering a period of unusual volatility and higher wholesale energy costs," said Commission Chairman Ron Eachus. "We need an assessment of what's been happening and its implications for Oregon consumers."
The Commission has invited utility officials, representatives of large industrial customers and energy traders in both electric and natural gas markets to share their views.
Participants have been asked to address three primary questions: What have prices been doing and what is the near term forecast; what's the explanation for the run-up in prices; and what steps are the companies taking or proposing to deal with the run-up.
Panel members will also discuss the implications, if any, for implementing Senate Bill 1149, the restructuring bill approved by the 1999 legislature.
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