PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: DavesM who wrote (296802)	9/14/2002 3:25:50 PM
From: Raymond Duray	Read Replies (1) of 769670

Thanks DavesM, Where can I learn more about the SoCal NOx credits issue? Re: The cost of purchasing NOx credits (according to the South Coast Air Quality Management District added as much as $300 to the price of a megawatt of electricity). This is a tad disingenuous, IMO, because it applied only to the most marginal of peakers, and not to the imported power coming from Boulder Dam, Palo Verde, the Oregon-California Intertie, the Arizon coal-fired generators and other out of state sources. Nor was San Onofre off-line at this time, TTBOMK. These NOx credits had very little impact on the overall market, except inasmuch as they were deviously used by the IPPs to game the idiotic pricing scheme that offered all generators the highest bid price at any one time, rather than a more sensible price-capped cost-plus-fee arrangement during the erstwhile "crisis". *************************** The all-in generating capacity of the California system during the worst of the so-called "crisis" was about 55,000 Mw. The actual level of consumption at the time of the crisis was less than 35,000 Mw. There never was a capacity crisis. There was a management crisis. It's called greed. -Ray Source: beta3.c-t-g.com

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