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Politics : Formerly About Advanced Micro Devices

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To: JohnD who wrote (135307)4/1/2001 8:01:22 AM
From: Scumbria  Read Replies (2) of 1575863
 
John,

I don't know anything about their stock, but this is the APS home page:

aps.com

They have an interesting explanation of why California has an energy problem. It makes it sound like our President is lying to us.

Q: Has demand increased in California that much more than in the rest of the country?
A: Yes. For the past decade, California has grown rapidly and new industry has developed to the point where the state’s electricity use is increasing by between two and three percent annually – nearly triple the national average.

Q: Why did the shortage begin so suddenly last summer?
A: This past year, drought conditions in the Pacific Northwest decreased the amount of energy hydroelectric generators could produce. Then, last summer, hot weather in the Southwest dramatically increased demand for electricity, eliminating any available surplus.


aps.com

Scumbria
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