A report titled "NY Cash Infusion," appearing in the "News Digest, Transmission & ISOs" pages of the Nov. 1, 2000 edition of , could leave readers with the erroneous impression that the NYISO [New York Independent System Operator] required emergency action to pay its bills. This would be grossly inaccurate.
On Thursday, Dec. 8, as natural gas hit $40 at the citygate for Southern California (prices hit $60 that Friday), I found myself in Colonial Williamsburg, a guest of Michigan State University's Institute of Public Utilities, at the group's annual conference, watching a panel of industry experts try in vain to explain what was happening.