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

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Article #2294

#2294

From: John Higdon
Date: Wed, 17 Jan 2001 18:23

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in article 3A6583AC.5D68B762@quiotix.com, Jeffrey Siegal  wrote:

> 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.

Truly amazing ethical behavior on the part of power generators considering
the intense economic incentive to do the opposite. After all, anyone who can
withhold product from the market and more than make up for the revenue loss
by re-pricing the remaining product would be very stupid to run out his
product at capacity, no?

Somehow, I don't buy that. I think the generator owners are simply smarter
than the government investigators.

-- 
John Higdon     | Email Address Valid | http://www.anntec.com/
+1 408 264 4115 |  Silicon Valley, CA | FAX: +1 408 264 4407
  Cheap, provincial San Franciscans can call: 415 428-COWS

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Date: Wed, 17 Jan 2001 10:23:52 -0800
Subject: Re: Power execs blame gas prices and environment regs for high
 electricity  costs
From: John Higdon <no-spam@RadioMonopoly.com>
Newsgroups: sci.energy,ba.general,ca.general,ba.politics
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