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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (417)	7/2/2001 7:37:28 PM
From: craig crawford	Read Replies (1) of 1643

Monday July 2, 7:28 pm Eastern Time Calif. again on brink of blackouts as temps soar biz.yahoo.com By Nigel Hunt LOS ANGELES, July 2 (Reuters) - California was again on the brink of blackouts on Monday as scorching heat threw the state back into crisis mode after news of a major new power plant and increased conservation had raised spirits earlier in the day. The California Independent System Operator (ISO), which controls most of the state's power grid, declared a Stage Two alert early Monday afternoon, triggering several emergency measures including the loss of service for some commercial customers. The alert was issued after reserves fell below 5 percent of demand. Rolling blackouts are ordered when reserves drop to within 1.5 percent to prevent a total collapse of the grid. ``It (rolling blackouts) is a possibility. We think we are going to be able to avoid that,'' Gregg Fishman, a spokesman for the ISO said. The ISO said the state's appetite for power was about 2,000 megawatts more than forecast, with temperatures 5 to 6 degrees (Fahrenheit) hotter than meteorologists predicted. Extremely hot weather across much of the southwestern United States was also severely limiting the amount of electricity California could import from neighboring states.

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