:Manifesto on the California energy crisis
REPORTERS COVERING THE ENERGY CRISIS
Frey, Haas School of Business
press conference to unveil a manifesto - endorsed by
an ad hoc group of professors from the University of
California, Berkeley, and other universities, along
with former public officials and consultants - on the
California energy crisis. The 10-page document recommends
public policy solutions to two crises: California's
unprecedented electricity crisis and the resulting financial
document was generated by experts in regulatory and
energy economics who organized under the auspices of
the Institute of Management, Innovation & Organization
(IMIO) at UC Berkeley's Haas School of Business.
a.m. Friday, Jan. 26, 2001.
Andersen Auditorium, UC Berkeley's Haas School of Business.
The business school is on Gayley Road between Hearst Avenue
and Bancroft Way.
there are 19 names on the manifesto's list of endorsees,
and that number is expected to rise. Those listed include
Nobel Laureate Daniel McFadden, a UC Berkeley professor
of economics; Robert Solow, a Nobel Laureate from the
Massachusetts Institute of Technology (MIT); UC Berkeley
professor Janet Yellen, who chaired former President
Clinton's Council of Economic Advisers; and Stanford
University law professor and former Congressman Tom
those scheduled to speak at the press conference are
David Teece, UC Berkeley professor of business and director
of IMIO; UC Berkeley professor Pablo Spiller, chair
of the Haas School's Business and Public Policy Group;
and Mitch Wilk, former president and commissioner of
the California Public Utilities Commission.
by the energy crisis, this ad hoc group formed quickly
to share ideas about how the state can solve its current
energy woes and develop a well-performing electricity
sector. The manifesto's preamble states that the crisis
"does not appear to be well understood" and is "very
serious and endangers the livelihoods of many citizens
in and out of state."
not managed astutely," it says, "the collateral damage
to other industries and states could well be quantitatively
more significant than the direct damages to California
electricity consumers and distributors."
The manifesto will be available to reporters at
the press conference. After the press conference, it
can be viewed on the Haas School of Business Web site