Monday, April 22, 2013

California Power Facing Biggest Test Since Enron: Energy Markets

And whose fault is this?
Southern California wholesale electricity for July through September already is at the highest level for this season since 2008 on the outlook for a shift to costlier, more volatile fossil fuels. A strain on the grid could lead to power failures reminiscent of the state’s worst energy crisis in 2000 and 2001, when generation shortfalls and market manipulation by traders at companies including Enron Corp. sent prices to record highs and triggered blackouts that affected millions of customers in the most populous U.S. state.
I recently chronicled how CA blew up a natural gas power plant just because it was "an eyesore"! 

Additional to this, the Petroro Generating Station in San Francisco was shutdown in 2011.  I remember watching the video of how happy everyone was. It was sickening.  The Petrero was another natural gas power plant with diesel generators during peak consumption.

Yes, CA.  Whose fault will it be when the guy getting paid $7 per hour gets his electric bill and the entire bill is more than his weekly paycheck?

You made your bed.  Lie in it!

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