California's Energy Crisis: Who's to Blame and What to Do
PETER NAVARRO
JOHN JUREWITZ
BENJAMIN ZYCHER
ROBERT MICHAELS
ROD SMITH
THOMAS BORCHERDING, moderator
MONDAY, MARCH 5, 2001 LUNCH

When the lights go out in California who should
we be pointing our finger at and, more importantly, what should we do? The Claremont Institute for Economic Policy Studies at
Claremont Graduate University and the Lowe Institute
for Political Economy of Claremont McKenna College are
cosponsoring a discussion by a panel of leading energy experts to help answer some of the questions about California's energy crisis.

Peter Navarro, associate professor of economics and public
policy at U.C. Irvine, is a leading expert on utility deregulation. In his 1984
book The Dimming of America: The Real Costs of Electric Utility Regulatory Failure, he predicted widespread
electricity shortages because of a failure of the regulatory
environment to provide adequate incentives for new power
plant construction. He believes today's electricity crisis
requires multiple solutions: more power plant construction; more conservation measures; cultivation of alternative
energy sources; and the development of "smart meters" to help
businesses and consumers better manage their electricity
resources.

John Jurewitz is director of regulatory policy for the
Southern California Edison Company. He joined Edison
In 1978 and has testified on a wide range of electric utility
issues before the California Energy Commission, the California State Legislature, and the Federal Energy Regulatory
Commission. Jurewitz continues to teach courses in Energy
Policy, and Environmental and Natural Resource Economics
at Pomona College and Claremont Graduate University.

Benjamin Zycher is a senior economist at RAND Corporation, an
adjunct fellow at the Claremont Institute, and an adjunct
scholar at the Cato Institute in Washington. He has done
considerable work on the economic and political effects of
government spending, taxation, and debt, as well as the effects
of economic institutions and performance upon resource
for defense.

Robert Michaels is a professor of economics at Cal State University, Fullerton, and a
consultant affiliated with Tabors, Caramanis & Associates
of Cambridge, Mass. He has published numerous articles
on regulation and competition in the electricity and gas
industries. He has also served as a consultant to utilities,
independent power producers, power marketers, and regulatory commissions in various regulatory dockets and litigation.

Rod Smith is president and managing director of
J&M Water Development LLC, a water supply development
company and senior vice president of Stratecon Inc, an
economics and strategic planning consulting firm specializing
in the economics, finance, law, and politics of water resources.
He is involved as a partner or adviser in the acquisition of
water rights throughout the western United States and in the
sale and leasing of water rights and water supplies to public
and private water users.

Thomas Borcherding, professor of politics and economics at Claremont Graduate University, will moderate the discussion. Professor Borcherding received his Ph.D. from Duke University and his current area of interest is the interface of politics and economics, and more recently, sociology and economics.

Lunch is served at 11:45 a.m. and the discussion begins at 12:15 p.m.