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The higher costs, which have not been fully passed along to consumers, have rendered California's two main utility companies unable to pay their bills and forced the state to buy power in their place.
We assume that mill price and travel cost are two main utility factors considered by customers, and adopt the multinomial logit model to express the flows of customers traveling to stores.
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The spread between uncontrolled wholesale prices and the regulated retail prices has already forced one of California's two main utilities into bankruptcy.
The state's two main utilities, Southern California Edison and Pacific Gas and Electric, say they have accumulated nearly $12 billion in debt because of the state's partial liberalization of the electricity market in 1996.
One proposal announced today was a plan that would relieve the state's two main utilities of their debt, estimated at $11.5 billion, in exchange for state ownership of their hydroelectric generating operations.
Legislators also debated ways of easing the debt burden of the state's two main utilities, which say they face imminent bankruptcy because they cannot recover the high cost of buying power by selling to consumers at fixed prices.
Senator Dianne Feinstein of California cited a study predicting that her state's power problems would only increase this summer and that caps were needed to keep the state's two main utilities solvent and the lights on in the nation's most populous state.
DealBook » Energy Capital Partners Said to Seek Buyers for Illinois Plant Project | Energy Capital Partners is looking to sell its $2.3 billion coal-to-gas project in Illinois, just a month after Governor Pat Quinn signed legislation that meant the state's four main utilities would have to buy the gas produced at the plant, The Chicago Tribune writes.
In the U.S., patents come in two main flavors: utility patents and design patents.
For that, blame an earlier botched "deregulation" that first protected the two main electric utilities in California Pacific Gas & Electric (PG&E) and Southern California Edison from outside competitors, and then entwined them with rules of the sort that Marx, either Karl or Groucho, might have invented.
The two main types of utility function that will play a role are the ordinal utility function and the more information-rich interval-valued (or cardinal) utility function.
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