June 22, 2001

LOS ANGELES — Economists with the UCLA Anderson Forecast, in conjunction with Cambridge Energy Research Associates (CERA), will release a detailed report on the economic effects of the California energy crisis at the June 28 conference at UCLA Anderson.

The energy report will detail the first economic projections of likely outcomes from two alternatives — state intervention vs. market responsive measures — commonly proposed to resolve the California power crisis.

WHAT: UCLA Anderson Forecast Conference "Can California Grow in the Dark, Part 2: Managing a Downturn"

WHO: Edward Leamer, director, UCLA Anderson Forecast
Tom Lieser, senior economist, UCLA Anderson Forecast
Michael Zenker, director, Western Energy, CERA

WHEN: June 28, 2001
1 p.m. to 7:30 p.m.
Energy report will be presented from 4 p.m to 5 p.m.

WHERE: Korn Convocation Hall
UCLA Anderson School
110 Westwood Plaza
Los Angeles, California

RSVP: Members of the media please contact Kimberly Lisella at (310) 206-7707 for further information. Media can obtain copies of the report in advance, under embargo. To arrange to listen to the UCLA Anderson Forecast/CERA presentation, please contact Melanie Fahey at (713) 222-1600 or mfahey@sommersassoc.com.

As customary, UCLA Anderson Forecasters will unveil their latest economic predictions for the state and nation at the conference. The economists will give an update on the national recession outlook and answer impending questions such as "Can the Fed prevent a national recession?" And, "Will California join the nation in a recession?"

The conference will also include a rare presentation by former California Governor Pete Wilson at 1 p.m., and an energy deregulation panel featuring speakers:

Pete Wilson, former Governor of California

Kathleen Connell, California State Controller

Peter Navarro, professor, Graduate School of Management, UC Irvine

Fred Furlong, vice president, Financial and Regional Studies, Federal Reserve Board of San Francisco

The UCLA Anderson Business Forecast is the most widely followed and often-cited forecast for the state of California, and is unique in predicting both the seriousness of the early-1990s downturn in California and Southern California, and the strength of the state economy's rebound since 1993.

Cambridge Energy Research Associates (CERA) is a leading advisor to major international companies, financial institutions and organizations, delivering strategic knowledge and independent analysis on energy markets, geopolitics, industry trends and strategy. CERA is headquartered in Cambridge, Mass., and has offices in Bangkok, Beijing, Calgary, Houston, Mexico City, Moscow, Oakland, Oslo, Paris, Sao Paolo, Seoul and Washington, D.C.

For UCLA Anderson Forecast conference updates, please visit forecast.anderson.ucla.edu.

Media Relations