Kevin Tarr wrote:
>
> > That's the exact question California has been asking since January.
> > The consensus is that either SOMEBODY was/is unfairly influencing
> > the energy markets, or the whole concept that allowing private,
> > for-profit companies even a somewhat free hand to manage energy
> > utilities and set the price is terribly flawed, as energy demand
> > and the climate have not changed enough to explain even half of
> > the price hikes and shortages. All this makes people very
> > suspicious, and since they are making out like bandits from this
> > situation, blame comes first to the big energy supply companies.
>
> Yeah those energy companies going bankrupt are the real winners!
> We'll show them!
I said enegy _supply_ companies, not energy _marketing_ companies.
The two big energy marketers, PG&E and SCE, do indeed face bankruptcy
since they must buy electricity at outrageous prices. I'm talking more
about companies such as AES, Duke Energy, Enron, etc., especially the
out-of-state generators. They know that CA has no option but to buy
their electricity and so charge as much as they possibly can. Do you
feel you can justify wholesale prices as high as $988/MWh, when just
before the crisis the average price was $30/MWh? And the $30 price
was rather high already.
>
> Maybe the SOMEBODY is Grey 'Daze' Davies.
>
If you're going to insult the man, at least get his name right.
Gray Davis is at least doing what he can about the situation,
not trying to shove it off as "somebody else's problem".
He's implemented short-term measures that might be able to
relieve some of the acuteness, and long-term measures that
will hopefully bring an end (or at least a reduction) to the crisis
on the way, as several new plants are being built and/or on
the drawing board.
> > Makes you wonder why all this would "suddenly" happen as soon as
> > a former oil company executive becomes President...
>
> No just makes me wonder how people see the fog but not the cloud.
So you think that energy generators wouln't take
advantage of having a president who would be very, very
receptive to their worldview?
-- Matt Grimaldi
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