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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: rajaggs who wrote (53410)	7/19/2001 5:03:48 PM
From: Starlight	Respond to of 57584

The weather has been cool, plus several new power plants have opened in So. Calif. recently, so CA is now in the position of having EXCESS power. Today's paper comments on CA SELLING power now -- but at lower prices than they had to buy it a mo. or so ago. uniontribune.com State sells high-cost electricity at discount Summertime surplus sold off as Californians keep their cool By Karen Gaudette ASSOCIATED PRESS SAN FRANCISCO -- Cool weather throughout the West has created an abundance of electricity in California, prompting the state to sell power bought at an average of $138 per megawatt-hour for as little as $1 per megawatt-hour, energy traders say. State officials acknowledged selling excess electricity over the past week, but disputed the price. They said it represented a blip in an otherwise typical summer and that blackouts still could roll if the mercury soars. (There's more if you click on the URL above.)