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The next day, the federal commission killed the new pricing plan.	The next day, the federal commission kill the new pricing plan.
Power producers then turned their attention toward killing that cap, saying they couldn't make a profit even under these constraints.	Power producers then turns their attention toward killing that cap, saying they couldn't make a profit even under these constraints.
They began to withhold power from California, and on Dec. 7 the ISO declared its first Stage 3 emergency and braced for blackouts, which were narrowly averted.	They begins to withhold power from California, and on Dec. 7 the ISO declared its first Stage 3 emergency and braced for blackouts, which were narrowly averted.
Final authority over lifting the cap rested with the federal government.	Final authority over lifting the cap rest with the federal government.
Neither the ISO board, which had established the price cap, nor the governor learned of Winter's actions until the cap had been removed.	Neither the ISO board, which had established the price cap, nor the governor learn of Winter's actions until the cap had been removed.
He didn't mention anything about it.	He don't mention anything about it.
"In retrospect, we should have told them,'' Robinson said.	"In retrospect, we should have told them,'' Robinson say.
With the price caps gone, the generators filed paperwork with federal regulators justifying higher costs.	With the price caps gone, the generators files paperwork with federal regulators justifying higher costs.
"The ISO staff sat in a meeting with the governor's key energy advisers with poker faces, not saying a word about something that was going on at the exact same moment,'' Maviglio said.	"The ISO staff sat in a meeting with the governor's key energy advisers with poker faces, not saying a word about something that was going on at the exact same moment,'' Maviglio say.
This action accelerated the utilities' move toward bankruptcy and forced the governor to move the state into the power-buying business."	This action accelerate the utilities' move toward bankruptcy and forced the governor to move the state into the power-buying business."
Prices for electricity jumped from an average of $249 a megawatt to $700 a megawatt within three days, ISO records show.	Prices for electricity jumped from an average of $249 a megawatt to $700 a megawatt within three days, ISO records shows.
Dunn believes the resulting overcharges for electricity exceeded $30 billion.	Dunn believe the resulting overcharges for electricity exceeded $30 billion.
Robinson said the filing - granted two hours after the request - helped rather than hurt Californians.	Robinson say the filing - granted two hours after the request - helped rather than hurt Californians.
Prices, he said, did not spike as a result.	Prices, he said, does not spike as a result.
Instead they followed the skyrocketing price of natural gas - which is used to run power plants to generate electricity.	Instead they follows the skyrocketing price of natural gas - which is used to run power plants to generate electricity.
Robinson said the emergency order allowed the ISO to secure refunds should overcharges for electricity be proven to federal officials.	Robinson say the emergency order allowed the ISO to secure refunds should overcharges for electricity be proven to federal officials.
"We believe the action we took addressed a severe concern,'' Robinson said.	"We believe the action we took addressed a severe concern,'' Robinson say.
"In our view, we did not believe we changed or made worse the financial situation.	"In our view, we does not believe we changed or made worse the financial situation.
We felt we made it better because it introduced a process for review and refund."	We feels we made it better because it introduced a process for review and refund."
Jan Smutney-Jones, who was the ISO board chairman at the time and executive director of a group that represents power generators, said Winter did not consult him about eliminating the price cap.	Jan Smutney-Jones, who was the ISO board chairman at the time and executive director of a group that represents power generators, say Winter did not consult him about eliminating the price cap.
Smutney-Jones also said he was unaware of anyone in the power-generating community being consulted.	Smutney-Jones also say he was unaware of anyone in the power-generating community being consulted.
"Terry did this by himself,'' said Smutney-Jones, executive director of the Independent Energy Producers.	"Terry did this by himself,'' say Smutney-Jones, executive director of the Independent Energy Producers.
"He did what he thought had to be done at the time to keep the power flowing."	"He do what he thought had to be done at the time to keep the power flowing."
The ISO board called an emergency meeting the next week demanding Winter explain his actions.	The ISO board call an emergency meeting the next week demanding Winter explain his actions.
Some board members pushed to have Winter removed, but there were concerns such action would lead to more chaos, the governor's spokesman Maviglio said.	Some board members pushed to have Winter removed, but there were concerns such action would lead to more chaos, the governor's spokesman Maviglio say.
James J. Hoecker, the former Federal Energy Regulatory Commission chairman, defended making the December decision and also defended Winter.	James J. Hoecker, the former Federal Energy Regulatory Commission chairman, defend making the December decision and also defended Winter.
"They filed an emergency motion, and we were not about to let California go dark,'' Hoecker said.	"They filed an emergency motion, and we were not about to let California go dark,'' Hoecker say.
"They (ISO management) did what any independent system operator would do."	"They (ISO management) does what any independent system operator would do."
He believes memos and e-mails around the time of Winter's Dec. 8 actions should provide vital clues.	He believe memos and e-mails around the time of Winter's Dec. 8 actions should provide vital clues.
"We don't know why he did what he did, but we are eager to find out," Dunn said.	"We don't know why he did what he did, but we are eager to find out," Dunn say.
"Terry said he made that filing in the interest of Californians, but I find that argument has no basis in fact.''	"Terry say he made that filing in the interest of Californians, but I find that argument has no basis in fact.''
I am having a meeting with Vicki and Janet Dietrich on Thursday to discuss our view on the ability to extend our current contracts in CA (for customers already on DA).	I is having a meeting with Vicki and Janet Dietrich on Thursday to discuss our view on the ability to extend our current contracts in CA (for customers already on DA).
I suggest a "blind draw" on the teams, best ball not scramble on the golf, and as for the wager, no emails from the losing team for one week!	I suggests a "blind draw" on the teams, best ball not scramble on the golf, and as for the wager, no emails from the losing team for one week!
Is there any question?	be there any question?
Have they expressed any interest in negotiating?	has they expressed any interest in negotiating?
There is nothing wrong with a REAL negotiation, but nothing particularly helpful about generating one that s just for show.	There be nothing wrong with a REAL negotiation, but nothing particularly helpful about generating one that s just for show.
As I have told RNR, I think we should advise Duke in writing that its IP is not in conformity with the contract, sinceit is in the alternative, and that our IP is hence the only one that will be before the arbitrators (since Duke clearly can not change it's ineffective IP at this stage, having already seen ours).	As I have told RNR, I thinks we should advise Duke in writing that its IP is not in conformity with the contract, sinceit is in the alternative, and that our IP is hence the only one that will be before the arbitrators (since Duke clearly can not change it's ineffective IP at this stage, having already seen ours).
What say ye?	What says ye?
How does this look?	How do this look?
If I can get a few minutes with Mark H. today, I'm going to propose that I speak to Stan Klimberg about getting this signed before Thursday's meeting with LIPA.	If I can get a few minutes with Mark H. today, I is going to propose that I speak to Stan Klimberg about getting this signed before Thursday's meeting with LIPA.