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Politics : PRESIDENT GEORGE W. BUSH
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To: American Spirit who wrote (170427)8/11/2001 8:30:17 PM
From: Gordon A. Langston  Read Replies (1) of 769667
 
I can't wait to see Davis on TV encouraging people to "consume more electricity, we have an "unexpected" surplus." The clueless one strikes again.

just a couple of percentage points of error in either direction can make the difference between a
price-spiking shortage and a depressed market of surplus power.

wow....could this be true?.....it sounds like an out for Davis...the depressing part that is.



Freeman, the chief architect of the governor's energy policy, said locking in the power surplus was
done by design and is a necessity. Reserves of up to 20% are what is required to ensure a reliable
power system, he said.

"This is a very small cost compared to what a blackout does to the economy," he said.

$46 million in a month.....project it.....$550 million...half a billion is a small cost to avoid what blackouts....they happened last year.



Energy economists say that current higher rates have already induced consumers to conserve,
causing a change in behavior that will probably continue even with an energy glut. Ratepayers,
they say, won't see the benefit of lower energy prices because they will be locked into paying for
the cost of the state's contracts and its prior purchases.

That $550 million will be in addition to the already high prices Davis contracted for and the "everyone gets the high bid" prices paid in the spring.

Even the LA Times can't "help" dissing Davis.



latimes.com
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