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FROM THIS EPISODE

California's power crisis is out of control. Last year a megawatt of electricity cost 40 dollars. Today, it's 1400. There's a definite imbalance between supply and demand, but why? What do we mean by "real time market"? What do violent market fluctuations and forward contracts mean for rate payers? How - and when - can we stabilize energy rates? We get differing views from energy suppliers, market watchers, and consumer advocates.
  • Newsmaker: Awaiting Supreme Court Decision - With no decision yet on Gore v. Bush, we get a behind-the-scenes look at the Supreme Court from Loyola Law Professor Bill Araiza, a former clerk for Justice Souter. Then, we get an update on today's events in Florida's Legislature and State Supreme Court with Bill Cotterell, of the Tallahassee Democrat.
  • Reporter's Notebook: A-Rod to Make A-lot of Money - The LA Dodgers took heat for paying Kevin Brown more than 100 million dollars. Now the Texas Rangers have signed Alex Rodriguez for twice that. Ron Rappaport, of the Chicago Sun-Times, reminds us that one high-priced player will not make a mediocre team.

Energy Markets

Deregulation

Energy Information Administration

Producers:
Frances Anderton

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