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Article #2288Re: Power execs blame gas prices and environment regs for highelectricity costs
From: Jeffrey Siegal
Date: Thu, 18 Jan 2001 12:04
Date: Thu, 18 Jan 2001 12:04
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Silas Warner wrote: > Their gas supplies are on fixed long-term > contracts, so they can sell the gas on the spot market and make a bit > of money. The question is whether they planned also to raise the > price of electricity at the same time. Once a boiler is disasembled, > it isn't an instantaneous job to put it back together again -- but > just how long does it take, anyway? The truth is it doesn't matter how long it takes to disassemble and reassemble a boiler. The producers are unregulated companies, none of which individually enjoys significant market power (at least, not that has been shown). They are free to do what they want to maximize their profits, as long as they don't collude. If that means selling natural gas rather than burning it, then they shut down and sell the gas. And by the way, that gas they sell goes to people who need it, frequently as much or more than they need electricity.
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 106ed4,60de1b05ab3a48db X-Google-Attributes: gid106ed4,public X-Google-Thread: 107e5d,60de1b05ab3a48db X-Google-Attributes: gid107e5d,public X-Google-Thread: f824f,60de1b05ab3a48db X-Google-Attributes: gidf824f,public X-Google-Thread: 102fd5,60de1b05ab3a48db X-Google-Attributes: gid102fd5,public X-Google-ArrivalTime: 2001-01-18 04:04:40 PST Path: arc1-ca.pugleaf.net!supernews.google.com!sn-xit-02!sn-post-02!sn-post-01!supernews.com!corp.supernews.com!not-for-mail From: Jeffrey Siegal <jbs@quiotix.com> Newsgroups: sci.energy,ba.general,ca.general,ba.politics Subject: Re: Power execs blame gas prices and environment regs for highelectricity costs Date: Thu, 18 Jan 2001 04:04:10 -0800 Organization: Posted via Supernews, http://www.supernews.com Message-ID: <3A66DBBA.8BCBC2C6@quiotix.com> X-Mailer: Mozilla 4.76 [en] (WinNT; U) X-Accept-Language: en MIME-Version: 1.0 References: <3A6583AC.5D68B762@quiotix.com> <B68B2337.3100D%no-spam@RadioMonopoly.com> <t6c11gppjjo490@corp.supernews.com> <3A661154.362EA26E@value.net> Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-Complaints-To: newsabuse@supernews.com Lines: 17