At the request of state legislative of Congressional committees or for clients, Robert McCullough has testified aspects of the Western Market Crisis of 2000-2001. Listed below are
representative reports and testimony.
2001, 2002, 2003, 2004,
2005, 2006, 2007
2008
September 16 , 2008
Robert McCullough's testimony to the U. S. Senate Committee on Energy and Natural Resources
Robert McCullough testified to the U.S. Senate Committee on Energy and Natural Resources
on September 16, 2008 to discuss the the role of speculative investment in energy markets. Link to accompanying report
2007
April 11, 2007
In the Court of Appeals of the State of Oregon; WAH CHANG V. PACIFICORP
The attached order references Robert McCullough's affidavit filed in opposition to a previous summary judgment.
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2006
May
8, 2006
Robert McCullough's Prepared
Testimony to the
Democratic
Policy Committee on Regulation and Forward Markets: Lessons from Enron
and the Western Market Crisis Or Robert McCullough's
Testimony to the Democratic Policy Committee on Regulation and Forward
Markets: Lessons from Enron and the Western Market Crisis
Mr.
McCullough testified in front of the Democratic Policy Committee on May
8,
2006 for the oversight hearing on Energy Trading and Gas Prices. He
examined
the effects of the Western Energy Market Crisis on forward
electric and gas markets.
Robert McCullough's Report to the
Democratic Policy Committee on Regulation and Forward Markets
Supporting materials are
listed here by corresponding footnote.
Footnote
3 Footnote 4
Footnote 5 Footnote 6 Footnote 8
Footnote 10 Footnote 11 Footnote 12 Footnote 14 Footnote 15
Footnote 16 Footnote 17 Footnote 18 Footnote 20A Footnote
20B
Footnote 21 Footnote 22 Footnote 23 Footnote 25 Footnote 26
Footnote 27 Footnote 28 Footnote 29 Footnote 30 Footnote 35
Footnote 37 Footnote 38 Footnote 39 Footnote 40 Footnote 41
Footnote 42 Footnote 43 Footnote 44 Footnote 45 Footnote 46
Footnote 48 Footnote 49 Footnote 51 Footnote 52 Footnote 54
Footnote 55 Footnote 56 Footnote 57 Footnote 58 Footnote 59
Footnote 60 Footnote 61 Footnote 62
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2005
January
27, 2005
Prepared
Supplemental Testimony
of Robert McCullough on Behalf of Snohomish Public Utility District No.
1
Summarizes new evidence, expounds upon previous findings and recommends that the
appropriate
remedy is not to attempt to calculate specific profits, but to
eliminate Enron's market pricing privilege from the beginning of the
scope of this case.
May 13,
2005
Rebuttal Testimony of Robert F.
McCullough
on behalf of Snohomish Public Utility District No. 1
Rebuts the direct testimony filed by Enron witness Jan Paul Acton,
involving Enron's gaming practices and profits
December
15, 2005
Direct Testimony of Robert McCullough on Behalf of Wah Chang
Discusses PacifiCorp's various violations of market rules and how the
resulting market volatility adversely affected Wah Chang's energy
contract with PacifiCorp.
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2004
February
24, 2004
Prepared
Direct Testimony of Robert McCullough on Behalf of Snohomish Public
Utility District No. 1
Presents evidence of Enron's gaming practices and the partnerships, alliances, and arrangements made by Enron with
other entities to facilitate the trading schemes
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2003
March
3, 2003
Prepared
Direct
Testimony of Robert McCullough on Behalf of City of Tacoma and Port of
Seattle
This testimony was a key factor in proving to the Federal Energy and
Regulatory Commission (FERC) that spot prices influenced forward
prices. Robert McCullough explains and gives examples of generators withholding
power and power marketers' gaming of energy market during the Western Market Crisis of 2000-2001. FERC then found that
the manipulation caused unreasonably high prices and has ordered
refunds
to entities which bought spot power.
March 20,
2003
Prepared Rebuttal Testimony of Robert
McCullough on Behalf of the City of Seattle, Washington
By means of
a comparison between the load/resource conditions in the WECC and
California in 1999 and 2000-2001, Robert McCullough shows how price
increases in 2000 and 2001 in the WECC and Caifornia markets must be
attributed to factors other than: (1) low energy reserves; (2) low
capacity; or (3) a significant increase in peak loads. Mr. McCullough
shows that the dramatic price increases that occurred from
May 2000 to June 2001 cannot be explained by a supply and demand
imbalance caused by a hydroelectric shortage coupled with increased
demand.
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2002
January 29, 2002
Testimony
of Robert McCullough before the U.S. Senate Committee on
Energy and Natural Resources
Testimony on the need
for transparency in energy markets
February
13, 2002
Testimony of
Robert McCullough before the Sucommittee on Energy and Air Quality
Testimony on the
California energy markets
April 11, 2002
Testimony
of Robert McCullough before the U.S. Senate Committee on Commerce,
Science, and Transportation
An analysis of the California energy crisis
June 25, 2002
Prepared
Direct Testimony of Robert F McCullough on behalf of Morgan Stanley
Describes recently
discovered
manipulation of the California Power Exchange (PX) and the California
Independent System Operator (CAISO) that raised prices
and
increased the costs to consumers throughout the Western Systems
Coordinating Council in 2000 and 2001.
October 7, 2002
Rebuttal
Testimony of Robert McCullough on Behalf of Snohomish Public Utility
Distrcit No. 1
Rebuts Kalt, Hogen and Harvey
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2001
March
3, 2001
Prepared Direct Testimony of
Robert McCullough on Behalf of the City of Tacoma, Washington and the
Port of Seattle, WA
Describes several trading schemes used during
the California Western Market Crisis
April
17, 2001
Testimony
of Robert McCullough on behalf of Wah Chang
Explains the failure of centrally
directed "market prices" in California and the resulting effects of price
volatility on power purchases
June
12, 2001
Rebuttal Testimony of
Robert McCullough on
behalf of Wah Chang
Rebuttal to PacifiCorp witnesses Tallman and Griffith
August
16, 2001
Prepared
Direct
Testimony of Robert F. McCullough on behalf of Seattle City Light
Mr.
McCullough addresses the calculation of a fair and reasonable rate for
the Pacific Northwest including the appropriate
definition of spot purchases that are suitable for refund and the
appropriate marginal production cost to be used in the computation
August
30, 2001
Rebuttal Testimony of Robert F. McCullough
on behalf of Seattle City Light
Rebuts various witnesses on behalf of Transaction Finality Group
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