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To: oldirtybastard who wrote (63291)1/30/2001 7:04:54 PM
From: Mark Adams  Respond to of 436258
 
AES reported they lost money on their CA generation. They bought plants from EIX, then sold 20 years power to WMB. WMB sold 20 years of gas to generate the electricty.

The deal went bad when AES had unplanned outages, and had to buy power on the spot market to fufill their contract with WMB. This is the group that wants to bring another unit online in Huntington, no doubt to reap some of that rich spot market.