IPPs and Merchant Energy Co.s Message Board

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Strategies & Market Trends : IPPs and Merchant Energy Co.s

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To: Larry S. who started this subject	9/26/2002 10:18:40 PM
From: Oeconomicus	of 3358

Duke Energy hits back at Calif. energy report Thursday September 26, 7:41 pm ET SAN FRANCISCO, Sept 26 (Reuters) - Duke Energy Corp., firing the latest salvo in an ongoing battle between power generators and California, rejected a recent state report that accused five generating companies of creating artificial power shortages during the height of the California energy crisis. Duke (NYSE:DUK - News), in a letter to California Public Utilities Commission (CPUC) head Loretta Lynch, said it rejected claims that it failed to operate its power plants at full capacity. The company claimed it generated 45 percent more power during the 2000-2001 state energy crisis than the average over the past 10 years. Duke also said unplanned outages at its plants during the crisis were 40 percent less than during the past decade. In its report last week, the CPUC said that if Duke and four other generating companies had operated their power plants at full capacity, Southern Californians could have avoided all four days of rolling blackouts in 2001 and Northern Californians could have escaped 65 percent of their blackouts. Duke said the CPUC report ignored the role of the California Independent System Operator in directing electricity output from its power plants. The California ISO, which oversees operations on most of the state's power grid, normally orders power plant output to maintain the safety and reliability of the power grid. Duke said the ISO reduced output from its power plants by about 600 megawatts on May 8, 2001, and claimed the CPUC ignored this in its report. ... biz.yahoo.com

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