Pacific Gas and Electric, which sells electricity to the consumer, doesn't buy directly from PG&E
Yes, I know that. I pointed that out in my last post.
>>>So, the power production unit couldn't make a profit in CA in Q2 because it is not producing power anymore,<<<
The rates that Pacific Gas and Electric and Southern California Edison charges CONSUMERS is set by PUC. These rates are capped and these corporations cannot pass their costs on to the customer. Since May, 2000, they have paid $11 billion more than they have been able to charge the consumer.
Yes, I know that...and Pacific Gas and Electric and Southern California Edison utes were doing quite well when the caps were "artificially high" and it was the consumers who were suffering relative to the cost of electricity to the utes.
There's no reason to focus on the relationship between PG&E - every electricity generator and wholesaler that supplies California had good revenues in 2000. That includes AES, Clayton Williams, Duke, Dynergy, NRG and Reliant.
Yes, I have pointed out that out in other posts as well. Among that group you listed that sells to CA I hold DUK (and others you didn't list) so I know what kind of $$$ they are making.
What?
The article that began this now disjointed discussion was in reference to PGE, its' ute, subs and trading desk Q2 profits. That was what your question/statement concerned.
You were expecting a discussion of KREM? |
