in the market by buying the so-called net short position each day, and to sell that electricity to utility customers. While there was much criticism of the strategy at the time, it is clear that it had the desired effect: to wit, it stabilized prices and assured supply. PG&E's solution included the transfer of watershed lands and the creation of a youth stewardship program. After the energy crisis, the California faced a massive budget deficit. Keeley helped in the budget negotiations between Democrats and Republicans to get the necessary 2/3 vote to pass the state budget compromise on the state budget. Later career 2003-2004 Due to term limits, Keeley left the Assembly in December 2002. Then-Governor Gray Davis asked Keeley to join his cabinet as Director of the California Department of Finance. Keeley declined, and instead became Executive Director of the Planning and Conservation League and the PCL Foundation. These two non-profit organizations specialize in environmental research and legislative advocacy. Keeley led these two organizations for two years. Role in higher education When Keeley was termed out of the legislature, the University of California, Santa Cruz established a perpetual environmental lecture series in his honor, known as the Fred Keeley Lectures on the Environment. The initial lecture was given by former Arizona Governor and Secretary of the Interior Bruce Babbitt. In 2005, the lecture was given by Dr. Paul Erlich of Stanford University, and author of the best selling book The Population Bomb. Keeley also made a planned gift of $250,000 to UCSC to support the campus's STEPS Institute for Innovation in Environmental Research. Since Fall 2006, Keeley has taught courses as a part-time faculty member in the Department of Political Science at San Jose State University. He has taught State Politics and Legislative Politics, and is scheduled to teach Local Politics in Fall 2007. Keeley is a frequent lecturer on California state government, politics, and a variety of environmental topics at Stanford University, the University of California at Santa Cruz, Duke University, San Jose State University, California State University at Monterey Bay, the University of Southern California, and the University of California, Berkeley. Most recently, he has been teaching at Pacific Collegiate School as the Local and State Government and Politics instructor. Return to local politics In January 2005, Keeley returned to Santa Cruz and became Santa Cruz County Treasurer. While this position is a countywide elected position, Keeley