Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (14898)	6/3/2004 7:17:56 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

You should chime in and help me (us) on this topic. Right now I'm focused on this close scrap power generation period for Calf. They are going to get maxed out tomorrow, 40,000 is the online capacity, and even with full import capability it's about 45,000. BC will have to import this year on hot days. Look at that weather forecast on the page. caiso.com You know, it's getting hotter up here in the PNW over the next two days too. wwwa.accuweather.com Did you see the flow levels at The Dalles on the mid-Columbia? About half of normal. This stuff is just barely scrapping by, lots of praying, and getting expensive. I expect this to go on all summer. The national picture: Message 20190640

To: yard_man who wrote (14898)	6/3/2004 7:51:24 PM
From: russwinter	Read Replies (3) \| Respond to of 110194

And it's only June 3rd! Fla.'s FPL saw record summer power demand Tuesday Reuters, 06.03.04, 5:33 PM ET NEW YORK (Reuters) - Florida Power & Light Co. said Thursday that hot, dry conditions in Florida drove electricity demand from homes and businesses on its system to a new summer peak on Tuesday. The company said in a statement that electricity demand hit 20,135 megawatts on Tuesday afternoon, eclipsing the previous summer peak of 19,668 MW recorded July 9, 2003. The system's all-time record demand of 20,190 MW was set on Jan. 24, 2003. FPL said it anticipates no problems meeting customer electricity needs this summer. The company serves 4.2 million homes and businesses in Florida and uses a combination of company-owned generation, firm power purchases and demand management programs to supply electricity and maintain a 20 percent reserve margin. At the same time, the company is responding to continuing growth and increasing demands for electricity throughout its service area by making significant investments in new power plants, power lines and substations for the future. FPL expects to add more than 100,000 new customers in 2004. To meet expected demand growth and maintain a 20 percent reserve margin, FPL recently expanded its Fort Myers and Sanford power plant sites and is currently expanding capacity at its Martin and Manatee plant sites to meet demand in 2005. In 2007, FPL also plans to expand its Turkey Point site south of Miami by adding a new 1,100 megawatt, state-of-the-art natural gas-fired power unit. In Florida, one megawatt is enough to power about 230 homes. Capital expenditures of approximately $6.4 billion are anticipated for new power plant and power line infrastructure to serve customers between 2004 and 2007. Florida Power & Light Co. is the utility unit and principal subsidiary of FPL Group Inc. (nyse: FPL - news - people). Copyright 2004, Reuters News Service