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

To: DavesM who wrote (939)	8/25/2001 11:48:28 AM
From: DavesM	Respond to of 1715

Saw an interesting article about the now famous sale by Duke of $3880 per MWhr. The article is by Steven Pearlstein, of the Washington Post. I accessed it thru Yahoo (CA energy crisis) It seems that Duke didn't want to turn on the Peaker (peakers being limitied in hours of yearly operation) but save it till summer, but were pressured by the State...so they submit a bid of $3880 per MWhr. The upshot is that the FERC decided that price was excessive and ordered that Duke return all but $273 per MWhr. Duke hasn't returned anything, because according to the article the State has paid $70.22/MWhr for the power.