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Pastimes : The California Energy Crisis - Information & Forum -- Ignore unavailable to you. Want to Upgrade?

To: gamesmistress who wrote (237)	4/13/2001 7:24:29 AM
From: Bearcatbob	Respond to of 1715

Gina, My dog needs a loan. She has little prospect of ever being able to pay - but surely it would be callous of you to let a little thing like repayment stand between you and a loan to a really cute little puppy. California is not a charity. Do what ever you choose - and be sure to step up to full responsibility for the results. ******************************************************** ``To insist that the combustion turbines be silenced under these conditions reveals a callous indifference to the basic needs of call Californians and their right to receive reliable electric service,'' Reed's letter to Dynegy said. Dynegy spokesman Steve Stengel said his company wanted to sell the power to a credit-worthy entity. "

To: gamesmistress who wrote (237)	4/13/2001 11:50:18 AM
From: DavesM	Respond to of 1715

If CA confiscates power plants, you can probably forget any new private construction of power plants. And after buying transmission lines, purchasing power for the ISO AND paying "fair market value" for 30 year old power plants (which are suddenly much more valuable), the state will probably be completely tapped out - which means that CA won't be able to afford to build any plants, afterall the lack of in state production is a major reason for the problem. And if you own 30 to 40 year old plants (with maybe 30 year old technology) then what? The merchants and IPPs are building new EFFICIENT plants that will produce power cheaper and cleaner than the old plants - which means eventually the State would be losing money operating these old dirty inefficient plants. The State would be better off partnering with AES or Calpine in the construction of new plants (joint financing and ownership). As far as San Diego Gas & Electric and Dynegy: DYNEGY denys ordering plant shutdown. biz.yahoo.com