Haas Newsroom

Media Advisory: Economists Responsible for '2003 Manifesto on the California Electricity Crisis' Host Media Conference Call

Contact: Ute Frey
Haas School of Business, UC Berkeley
510-642-0324 or
AScribe - The Public Interest Newswire

BERKELEY, CA - February 5, 2003 (AScribe Newswire) -- Representatives of the 20 economists and experts that signed the UC Berkeley Manifesto urging the state to rebuild California's energy industry will be available to reporters.

WHEN: February 5, 2003, 1 P.M.

WHERE: By phone; please call (510) 642-0342 in advance for the call-in number and code

In the "2003 Manifesto on the California Electricity Crisis" released Jan. 31, 2003, a group of 20 economists and experts, including professors from UC Berkeley, UCLA and Stanford, urge California's leaders to move swiftly to rebuild the state's broken electricity industry by allowing market forces to work.

The manifesto warns that failure to act will compound California's problems, since the state's electricity marketplace is in worse shape now than it was at the start of the energy crisis. Absent meaningful reforms, it says, California electricity consumers face a repeat of the soaring wholesale prices and blackouts of 2000-01.

The signatories of the 2003 manifesto include Nobel Laureate in Economics Vernon Smith from George Mason University, Professor James Sweeney from Stanford University, professors Harold Demsetz, John Riley and Richard Rumelt from UCLA, Professor Pablo Spiller from UC Berkeley's Haas School of Business, and Mitch Wilk, former president of the California Public Utilities Commission.

Those available on Wednesday's press call will be:

The 2003 manifesto and its list of signatories is available on the Web at http://www.haas.berkeley.edu/news/manifesto.html

For more information, contact Ute Frey at the Haas School of Business at 510-642-0342.