Matt Grimaldi:
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.
I'm sorry Matt. I was reading my mail backwards and didn't know more about
the exact company that was going bankrupt. But of course my ignorance
doesn't hide the facts. PG&E owns electrical generating facilities:
http://www.pge.com/006_news/006c0a_elec_where.shtml
The have been plenty of much smarter people pointing out reasons for the
price increases. Explain your reasons for saying the $30 price was rather
high. Should it be free? Should you only pay what you feel like paying? Here
in PA the prices are from $51 to 37 depending on the usage.
And sorry about the name game. I was thinking of Ray Davies. Honest mistake.
But who is "trying to shove it off as "somebody else's problem"."? I like
the idea of "short-term measures".......too bad he didn't start them last
year when the blackouts began.
And of course the old saw about the President being in cohoots with big oil
or big electric or what ever. I've also heard that President Bush is giving
the Texas Ranger's a 250 million interest free loan to help pay for green
grass. The secret service makes late night phone calls to the opposing team
players, asking 'Is you refrigerator running?'.
Kevin Tarr
Trump high, lead low
