SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: ItsAllCyclical who wrote (85941)2/1/2001 3:24:25 PM
From: gamesmistress  Respond to of 95453
 
Power Source Ends Direct Flow to California Businesses
By JAMES STERNGOLD with MATT RICHTEL

LOS ANGELES, Jan. 31 — In a sign that problems are deepening in California's overburdened energy market, a division of the Enron Corporation that sells power directly to large industrial and commercial concerns has decided to halt such service to dozens of its clients because of the potential for mounting losses.

The decision, which would apparently affect companies like Cisco Systems, Genentech and Clorox, would not stop the flow of electricity. But it would potentially raise the rates these big customers pay, perhaps 35 percent or so, and sharply increase the role of the state government as the major supplier of power in California.

nytimes.com