The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Gemlaoshi who wrote (14550)	5/26/2004 6:48:15 PM
From: yard_man	Read Replies (1) of 110194

I started here during the frenzy period -- our company was early. I was invited to an executive meeting where they were discussing a deal -- we needed two peakers, but the company was offering us a pretty nice $/kw discount for getting 3 (I say discount -- keeping in mind that prices for them had already spiked considerably). I questioned whether it was really a "deal" for us given that we didn't need the capacity for a couple of year beyond which it would be operational -- I was ridiculed. I won't tell you how many hours those units have run, I'm sure they haven't averaged a capacity factor of 3%. It was an insurance policy, I s'pose, and everyone wanted one after the spike in energy prices before ...

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