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

To: Don Knowlton who wrote (470)	6/12/2001 4:48:32 PM
From: Raymond Duray	Respond to of 1715

Hi Don, Re: Do you think Gray Davis would be willing to guarantee to subsidize them in the bad years in order to get "fair pricing" today. That certainly seems to be the net effect of creating 10 year contracts between the IPPs and QFs and DWR. Long term stable rates, no matter who is gaming the spot and day ahead markets. These LT contracts have taken some of the market power away from the speculators. At least to look at the recent turn down in the natgas and power trading. Here's an interesting turn around. Today, spot energy prices were trading higher in the East than on the Left Coast. This hasn't happened in a coon's age. Strictly weather related, IMO. -Ray