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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Mama Bear who wrote (54974)1/6/2001 3:39:35 PM
From: Ilaine  Read Replies (3) of 436258
 
Free market to Bill Richardson - "drop dead."

>>U.S. Secretary of Energy Bill Richardson extended for five
more days an order that requires electricity producers across the
West to sell their surplus to California whenever grid operators
expect power reserves to fall dangerously low.
Richardson added to his order a provision forbidding the agency
that manages California's electricity grid from paying more than $64
per megawatt-hour for power.
In an interview, John Bryson, chief executive officer of Edison
International, parent company to Southern California Edison, said he
hoped that a price cap of that sort would help hold down the utility's
future electricity costs.
But a spokesman for power generators said the price cap was
unrealistically low and would not even cover the costs to produce
power.
"Nobody's going to sell at that price," said Gary Ackerman,
executive director of the Western Power Trading Forum, which
represents power plant owners.<<

latimes.com
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