Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Douglas V. Fant who wrote (47381)	7/6/1999 6:37:00 PM
From: Think4Yourself	Read Replies (1) of 95453

Consolidated Edison Inc., owner of New York's largest utility, reported record power consumption by its 3 million customers. Public Service Enterprise Group Inc., which has 2.2 million customers in New Jersey, and GPU Inc., which has 2 million customers in New Jersey and Pennsylvania, also reported unprecedented electricity demand. ''Most of the utilities are really scrambling for power'' in the New York area, said Kevin Fox, general manager of power trading for Aquila Energy Corp., a Kansas City, Missouri-company that is one of the nation's biggest power traders. ''We're breaking all kinds of records.'' ... About 55,000 of GPU's customers are without electricity because of heat-related power failures. The Morristown, New Jersey-based company also said it was instituting ''rolling blackouts,'' temporary interruptions of service rotated from one group of customers to another that are designed to avoid equipment overloads. bloomberg.com

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