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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: energyplay who wrote (14969)	11/18/2002 1:03:21 AM
From: Cogito Ergo Sum	Read Replies (1) of 206131

hi energyplay, I'm in Toronto. We're being warned to expect blackouts this winter. We have off line nukes at Pickering with new delays for restarts and a deregulation fiasco to deal with. The Ontario government deregulated power generation and then recently capped the price of electricity (and is issuing rebate cheques) due to huge public backlash (after skyrocketing electricity bills) and only a year and a half left in the government mandate. Of course the cap won't be an incentive to expand capacity and we may need to import from the US. (What a joke eh! Canadians needing to import electricity sigh...) We've got over a third of the Canadian population here in southwestern Ontario and use a lot of power. I expect that to buoy NG usage a tad up here. We use a lot of AC here in the summer too with our high humidity so there is no respite in power demand then either.. We also have one coal fired plant outside Toronto scheduled to switch to NG and more are mandated to follow. Some of the blackout talk may be a bit of hyperbole by the power generators but it looks positive for NG. regards Kastel

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