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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (45824)	1/18/2001 7:00:15 PM
From: Johnny_Blaze_420	Read Replies (2) \| Respond to of 57584

jane, cbs.marketwatch.com once we get affirmation that bankruptcy is not a possibility, alternatives should come down. The blackouts are not affective too many people as they are not that severe. The state wants to purchase energy for a third of what pg&e paid. That means less money can be spent to acquire enough energy to meet demand liften the blackouts. Whether they can acquire it that cheap will be the questions. Jernigan said the 5.5-cent price is far below that of spot-market rates. But she added the board would seek long-term contracts and high volume, making it easier to get lower rates. "It just depends on who you contact," she said. Guy Phillips, chief consultant to Keeley, said wholesale prices for bulk long-term contracts usually run 10 to 15 cents per kilowatt-hour. During December, Southern California Edison paid an average 23 cents on the spot market, forking over a high of $1.50 at one point, Phillips said. The rules of energy deregulation forced Edison and other utilities to go to the spot markets for power during 2000. He added each penny per kilowatt-hour represents $1 billion in charges to consumers. "We're hoping that we get enough to get the (average) market purchase price down to 7.5 cents," Phillips said. cbs.marketwatch.com there may not be any more power interruptions: cbs.marketwatch.com The blackouts were primarily prompted by the loss of about 1,000 megawatts of supply from the Pacific Northwest because of transmission limitations, the ISO said. Power was restored around noon, Fluckiger said, with about 1,500 megawatts of generating service returning or being returned to the system by the peak usage hours Thursday evening. "If nothing else changes," Fluckiger said, the state "may be able to get through the peak today" and "could get through" Friday without any more interruptions. Interruptible customers, those that agree to have their power cut off during emergencies like these in exchange for lower rates, suffered power outages Wednesday of nearly 18 hours, he said. Power to those customers had been off since about 5 a.m. Thursday, he said, and will likely remain off for the "bulk of the day." Fluckiger believes that over the next week to 10 days, some "fairly significant number" of megawatts may be returned to service -- anywhere between 2,000 and 4,000 megawatts. With all the billionaires in silicon valley, I am sure THEY have money to get power here if THEY want to! :)