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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Second_Titan who wrote (5196)	6/9/2001 4:00:49 PM
From: Gottfried	Respond to of 23153

Q, thanks for that article. Very instructive. I found a RT chart of CA energy status energycrisis.lbl.gov G.

To: Second_Titan who wrote (5196)	6/10/2001 2:49:40 AM
From: Raymond Duray	Respond to of 23153

Hi Quehub, The headline will be proven wrong in 2008. DWR will look like a genius bureaucracy for having overpaid in the early days of the ramp in conventional energy cost. IMVHO. The author of the DJNW article, Matt Golden was simply trying to sow the seeds of doubt. What is clear is that long term, natural gas is the fuel source of choice for almost all new electrical generation, winter will continue to occur seasonally, and the infrastructure of North America will not be modified very quickly to ultra insulation standards, industrial uses of gas will persist, and finds in NG exploration will continue to disappoint in their ability to replenish reserves. In the short term, NG prices and power on the West Coast will stabilize, but they will be on the ramp, up and to the right on the charts for the foreseeable LT future. Regards, Ray

To: Second_Titan who wrote (5196)	6/10/2001 9:37:13 AM
From: Bearcatbob	Respond to of 23153

"But the state could have been much smarter about the move, considering how much money was at stake. Customer rates were finally increased 40% at the end of March. The forward market correctly figured the rate increase would slash electricity demand and wholesale prices. Within two weeks, the market ended its 17-month-long bull run. Many industry experts said early this year that California should raise rates first and then sign long-term contracts. That would have been common sense. Instead, the state signed two-thirds of its deals while Gov. Gray Davis was promising not to raise rates."