IBM Invests $4 Billion to Build
Wed, 29 Aug 2001 17:50:05 -0400
On Wednesday, August 22, 2001, at 08:54 PM, Gordon Mohr wrote:
>> Speaking of utilities, has anyone heard any more about how Enron is
>> to corner the fresh water market like they did with electricty? "That
>> be $57 for the bath sir." Last I heard they were facing resistance from
>> local governments since people still remember what they did to
>> for now...
> California did everything to itself: it set up a dumb system
> which rewarded market manipulation (even by local-municipal-owned
> utilities!) and outlawed mediating practices. Then it overreacted
> to temporary spot-shortages, overpaying for years of energy in
> advance in secret contracts. No need to smear Enron.
California also *exports* 2000-5000 MW electric all the time, amount
depending on time of day, lowest overnight. So that's 2-5 large power
plants' worth unavailable for use.