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

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To: ild who wrote (43071)	10/9/2005 9:21:17 PM
From: ild	Read Replies (1) of 110194

Electric Shock Ahead By MATTHEW DALTON ELECTRICITY PRICES are sizzling and could move even higher this winter, creating a windfall for companies with low-cost nuclear and coal-burning power plants, but shrinking profit margins for those that operate as middlemen between generators and consumers. The price of power had been rising steadily since mid-summer, mirroring the strong market for natural gas, a key fuel for generating electricity. Then, Hurricanes Katrina and Rita shut a significant portion of oil and gas production, fueling even more concern about supply. ... September wholesale power prices in New England are up 140%, compared with the level a year ago; mid-Atlantic prices are up almost 200%; Texas prices, 125%; California prices, 86%. As steep as those jumps might seem, they pale in comparison to where prices could go, particularly in New England, once the temperature drops. online.barrons.com

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