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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (86532)12/10/2000 1:29:16 PM
From: mishedlo  Read Replies (1) of 132070
 
Mike any comments on this post from another thread?
Implications?

<<I just wanted to pop in to get your opinion on a topic concerning energy costs and inflation that has been troubling me. Although the price of oil has been dropping recently, the price of energy here in the US has been on the rise.
Perhaps this is a crisis for the west coast only, but the supply of electricity has gotten dangerously low here, and with deregulation prices have skyrocketed. I live in the Northwest, and just last week Georgia Pacific shut down a paper mill in Bellingham because their per unit price of electricity had gone from $35 to $400 in a year. They could no longer make a profit with these costs.
Under the current cold conditions California is expecting rolling blackouts next week. The utilities are scrambling to buy electricity at exorbitant prices on the open market. By law they cannot raise retail rates over a certain percentage. A few of these utilities will have to seek chapter 11 debt relief. This situation is expected to worsen over the summer months next year, and will remain a problem for years to come.
This is bound to affect the cost of operations (not to mention interruptions) for both technology and nontech such as manufacturing and agriculture production.
Comments anyone?
Mosko>>

The above thanks to Mosco
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