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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: J. M. Blackburn who wrote (14437)6/14/2000 2:00:00 PM
From: MrGreenJeans  Read Replies (1) of 15132
 
JM

Several weeks ago we had $6,000 a MW power, unbelievable

Annually there are spikes in the price of power generally for a few hours because of certain conditions and outages. If you look closely at the numbers you will find that few such transactions take place at these prices. Most are broker-dealer-power marketer quotes that rarely get transacted. See the midwest spike price of June 1998 as one example.

Electricity is going to cost more and supplies are going to be tight for several years or more imho and this is without the recent run up in energy prices. The results of this have not been fully realized yet due to cool weather. All my experience deals with the Northeast

If anything in recent years there has been a GLUT of electrical power on the market driving down the price of generators which are being sold off relatively cheaply throughout the northeast. Why are generators being bought up cheaply? Because the asset they produce electrical power has been coming down in price over the years.

I will agree that the price of electrical power is on the rise but it is because of new regulations from the federal government and the instituting of ISOs in various states especially in the northeast which is mucking things up...I cite the NY ISO as an example of a regulator which is failing miserably and driving costs up. Watch how much people will be paying in congestion charges this summer in NY primarily because of transmission constraints.
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