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Strategies & Market Trends : Drillbits & Bottlerockets

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To: Jorj X Mckie who wrote (255)1/4/2001 8:11:32 PM
From: The Phoenix  Read Replies (2) of 15481
 
Um... the way I understand it PG&E and SCE don't actually generate much of the energy we use.... they purchase it from other sources. They more they need to more these other sources are charging them but they can not pass these incremental costs onto the consumer because consumer price changes do need approval from the PUC. What is de-regulated is the competition for providing service ... but not pricing - I think....

What is criminal is that the people that PG&E and SCE are purchasing power and gas from are screwing them over... and the feds are looking the other way.

OG
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