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[cdn-nucl-l] California suffers from sale of power by out-of-state generators
----- Original Message -----
From: Gene Cramer <email@example.com>
To: Multiple recipients of list ans-pie <firstname.lastname@example.org>
Sent: Tuesday, January 16, 2001 2:12 PM
Subject: Energy LookGlass 2001jan14 ELECTRICITY: ITS STICKER SHOCK IS A
> ELECTRICITY: ITS STICKER SHOCK IS A STATE PAIN
> California suffers from sale of power by out-of-state generators
> but much of the hurt is seemingly self-inflicted
> Orange County REGISTER 2001jan14
> From the New York City TIMES by Laura Holson and Richard Oppel Jr.
> Where did the money go? Gov. Gray Davis' answer: out of state generators.
> Many experts say that the billions which flowed out of state is the
> inevitable result of ill-designed deregulation put into place three years
> Houston based Dynegy Inc had the best-performing stock in Standard &
> 500 last year --- its shares more than tripled.
> Portland General Electric in December 2000 cancelled a 16.5 percent rate
> hike for its 700,000 customers when it found it could sell surplus
> electricity and raise the same millions.
> Los Angeles Department of Water and Power made $200million by selling
> over the last two years.
> More that 1/3 the electricity being sold in California comes from plants
> formerly owned by PG&E and Edison and SDG&E. PG&E and Edison collected
> $3billion from selling their California generating plants, and made $3
> billion from electricity sales from the plants the were allowed to keep.