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To: Ilaine who wrote (55012)1/6/2001 3:54:40 PM
From: heraclitus  Read Replies (3) | Respond to of 436258
 
>>to sell their surplus to California <<

Why would a power generator being told to do this have any "surplus"?
It seems it would be easy enough to shutdown plants for "required maintenance" so as to minimize any surplus. Although, this would probably make the power grid susceptible to instabilities should a plant trip off line.



To: Ilaine who wrote (55012)1/6/2001 5:13:18 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<Richardson added to his order a provision forbidding the agency that manages California's electricity grid from paying more than $64 per megawatt-hour for power.>>

Expect supply to disappear (out of state producers will cite need to sell in their own states and/or need to do heretofore postponed maintenence), or instate producers to start experiencing their own debt/derivative crisis, since they still have to pay up for natural gas and meet other local needs....

Got rolling blackouts? (They're rather bad for productivity in tech companies, BTW)...
yahoo.cnet.com



To: Ilaine who wrote (55012)1/6/2001 6:04:36 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<Free market to Bill Richardson - "drop dead.">

I'm amazed at the mechanistic focus on who did what when rather than the big picture. Rather amusing really. Meanwhile just keep reinvesting my dividends in my gas trusts. LOL

DAK