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To: Don Lloyd who wrote (116650)8/12/2001 2:43:37 PM
From: Ilaine  Read Replies (3) | Respond to of 436258
 
>>Sudden Power Glut Puts State in Costly Bind - Surplus bought under long-term contracts was resold at a $46-million loss in July. Paradoxically, if trend continues, higher usage could be encouraged. - California may be facing a persistent, escalating glut of electricity as a result of its buying too much power through long-term contracts, according to energy experts and a Los Angeles Times analysis.<<

latimes.com