Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (142)	6/6/2001 7:55:28 PM
From: craig crawford	Read Replies (1) of 1643

06/06 16:56 Calpine, Generators' Shares Fall on PG&E Concern, Power Prices By Mark Johnson quote.bloomberg.com Falling power prices also contributed to the share-price decline, Commerzbank Securities analyst Andre Meade said. Electricity in the California-Oregon border region for day-ahead delivery fell to the lowest level in 11 months today, dropping 12 percent to $60 a megawatt-hour, according to Bloomberg Energy Service statistics. A megawatt hour can light 750 California homes for an hour. ``We don't have any summer weather to speak of, and as a result, the forward price for electricity is declining,'' John Hancock Patriot Group fund manager Gregory Phelps said. The price on the California-Oregon border for July and August delivery has fallen 56 percent to $222.50 a megawatt-hour from a high this year of $505 on April 1, Bloomberg statistics said. The price in New York for July and August delivery has fallen 22 percent to $58.25 a megawatt-hour from a high this year of $75 on April 16. (excerpt)

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