Is the Orange County Power Authority Imploding?
On April 1st, the Orange County Power Authority (OCPA) debuted with much fanfare, initiating electricity service to business customers in Irvine and elsewhere.
As it launched, OCPA board chairman, Irvine Councilmember Mike Carroll, declared: “We’re right where we want to be!” But just two months later, by May 31st, it appears the OCPA has begun to implode.
Just days after Carroll’s declaration and the OCPA’s announcement that it had already procured enough energy for the summer and beyond, the California Public Utilities Commission (PUC) levied a nearly $2 million fine on OCPA for failing to purchase enough electricity to ensure that its customers are provided with uninterrupted service this summer.
According to sources at the PUC, the Power Authority is appealing the fine — saying the unusually large penalty would cause OCPA “financial difficulties.”
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