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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: KatayamaGorobei who wrote (256)6/15/2001 2:47:26 PM
From: craig crawford  Read Replies (1) of 1643
 
June 15, 2001

British Columbia's Energy Supply
May Stop Flowing Into California
public.wsj.com

By Tamsin Carlisle
Staff Reporter of The Wall Street Journal

CALGARY, Alberta -- British Columbia, which has been exporting electricity to California to ease the state's power crisis, could soon face a power shortage of its own. The Canadian province's problem stems from poor snowfall last winter that has left reservoirs behind hydroelectric dams at their lowest levels in 25 years. Hydroelectricity accounts for over 90% of power production in British Columbia. Even if a power crunch is averted in the province this summer, analysts predict, British Columbia Hydro and Power Authority, the provincial electric utility, will cut back its power exports to needy western U.S. states and neighboring Alberta in coming months.
...........
Other British Columbia power producers may continue selling electricity to U.S. customers. After curtailing production at its Trail, British Columbia, zinc refinery by 25% for the past three months, Cominco Inc., a Vancouver mining company, plans to shut down the smelter completely from July to September so it can export the electricity it would otherwise use for zinc refining.
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