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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Zeuspaul who wrote (85058)	1/23/2001 12:13:40 AM
From: Gottfried	Respond to of 95453

Zeuspaul, what PG&E pays... >PG&E generates about one-third of its own power, largely through nuclear and hydroelectric plants at a cost of about 3.5 cents per kilowatt hour. Roughly another one-third is contracted through the independent energy companies for about 17 cents. The final one-third is purchased on the volatile spot market, where prices have swung between 30 and 70 cents.< www0.mercurycenter.com So it's the last third PG&E buys on the spot market that is the most expensive. Sort of like buying a life preserver as the ship is sinking. Maybe we'll always need the spot market, but the percentage must be decreased drastically. Thanks for your thoughts. Gottfried