load centered power generation in burbank glendale and pasadena potential benefits for the cities california mark bernstein paul dreyer hanson jonathan kulick rand issue papers explore topics of interest to policymaking community although are formally reviewed authors have substantial lati tude express provocative views without doing full justice other perspectives conclusions expressed those do not necessarily represent or its research sponsors copyright 2001 paper enterprise analysis environmentr first two years after deregulated state s electricity sector restructured system seemed work as intended consumers businesses paid less new competitive marketplace but summer 2000 prices on spot market elec tricity spiked cost increased tenfold shortages appeared culminating rolling blackouts during following winter more than 30 days were predicted statewide with peak times estimated at 5 000 megawatts about 8 per cent demand there is continued price spikes
