[Liz]

Coin-op gray's gonna love this.

[NormsRevenge]

Ouch to these "po'" fellas ...Shares of Avista fell 7 cents, to $11.38, while Williams shares fell 40 cents, to $7.35. Shares of El Paso Electric, based in El Paso, rose 57 cents, to $13.73. Portland General does not have publicly traded shares.


DUMP DAVI$ & the Den of Socialists
INSERT COIN HERE TO PLAY ===>>> [I]



GO SIMON

[Willie Green]

Avista, which is based in Spokane, is accused of trading with Enron and its Portland General subsidiary to export power from California, then resell it to the state at a higher price. It said a review showed "standard buy/sell transactions" did not match those under investigation.

Electric power is either instantaneously available from the generating source, or it is not.
It is not an item that can be "exported", then re-imported for profit.
I certainly don't have much respect for the Kalifornia legislators who crafted this screwy "deregulation",
but I don't see any value in having "traders" either.
They don't actually build power plants, generate or transmit electricity.
They're merely middlemen who add cost to the power bill.

[lewislynn]

It's not just California. It might be your "deregulated" state too.

(Deregulated) Pennsylvania probes spike in power costs (sound familiar?)

Beginning in January 2001, the price of capacity abruptly rose from about $5 per megawatt hour to $177 per megawatt hour for nearly three months, the commission said. .......

By April 2001, when PJM changed its rules with FERC, capacity prices dropped sharply and returned to historic price patterns, the commission said.

Penn. is supposed to be the poster child for "deregulation".