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Technology Stocks : Intel Corporation (INTC)

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To: John Koligman who wrote (122798)	12/14/2000 12:19:24 PM
From: Dan3	Read Replies (2) of 186894

Re: U.S. Energy Secretary Bill Richardson ordered Northwest generators to sell electricity to California utilities Wednesday after state regulators warned that low power supplies could force rolling blackouts. The problem is that California's Public Utility Commission again turned down an appeal from the utilties that they be allowed to charge more than $250/MWH for generated power during peak conditions. Since the peak pricing for the natural gas used to generate the incremental capacity works out to an equivalent price of about $1,000/MHW, operators of the gas peakers in California have been discovering a lot of critical maintenance that must be done "right now" and have taken some of these plants off line. It's just another case of California being California - being baffled that plant operators don't want to buy $1,000 worth of gas to generate $250 worth of electricity. Dan

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