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Gold/Mining/Energy : Mirant Corporation (MIR)
MIR 23.41-1.2%Dec 31 3:59 PM EST

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To: Softechie who wrote (245)2/22/2002 5:40:45 PM
From: KyrosL  Read Replies (1) of 903
 
Electricity prices have perked up in the last month and are now above the cash flow breakeven 3 cents per KWH for on-peak average:

apx.com

The claim that these prices will persist until 2010 is bogus. Some long term contracts may have been signed at these levels, but given the rampant cancellation of power plants and the credit climate for IPPs it won't be long before we are back in energy crisis mode, IMO.

Kyros
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