The joint defense group of California thermal generators retained Cornerstone Research to collect and consolidate data on California electricity markets.
Retained by the Joint Defense Group Representing Thermal Generators
The state of California sought refunds of approximately $9 billion from thermal generators that participated in the California ISO (real time) and PX (day and hour ahead) electricity markets during the period from October 2000 to June 2001. The joint defense group of California thermal generators (AES, Duke Energy, Dynegy Power Marketing, Mirant, NRG Energy, Reliant Energy, and Williams Energy) retained Cornerstone Research to collect and consolidate data on California electricity markets. This effort involved integrating large datasets from both public and private sources to be used as a basis for analyzing bidding behavior by market participants and evaluating alternative refund methodologies for FERC-ordered refunds.