Power execs blame gas prices and environment regs for high electricity costs

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Article #2293

#2293

From: Jeffrey Siegal
Date: Wed, 17 Jan 2001 11:36

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As quoted by Associated Press:

"We haven't made much money at all in the fourth quarter in California
because the cost of operating is so high because of the cost of gas and
(state-mandated) emissions credits"

Despite tremendous statewide growth, particularly in recent years thanks
to the technology boom, it's been a decade since a power plant was built
in California.  

Power companies also blame strict environmental rules that make building
plants difficult, if not impossible.

Despite government investigations, [one executive] said no evidence has
surfaced that wholesalers have intentionally withheld supply to spike
prices. In fact, plants have delayed routine maintenance to keep
generating during supply alerts, he says.

http://biz.yahoo.com/apf/010117/power_woes.html

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From: Jeffrey Siegal <jbs@quiotix.com>
Newsgroups: sci.energy,ba.general,ca.general,ba.politics
Subject: Power execs blame gas prices and environment regs for high electricity 
 costs
Date: Wed, 17 Jan 2001 03:36:12 -0800
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