[snopercod]

Instead, we have the current situation which guarantees a future shortage, perhaps far more severe than the previous one.

Absolutely. Davis has done nothing other than demagogue those on whom his state depends to supply it's energy needs.

In fact, California may be on the brink already, if you have been following Robert357's posts from WECC.

[NormsRevenge]

BUMP

[Robert357]

One of the guys in the office today pointed out to me the following:

Electricity---------($/megawatt hour)

----------------------Price---Change

COB, firm on-peak---- $37.50 --

Palo Verdefirm on-peak--$36.98

What surprised me when we looked at the data was that power costs are still fairly high and in the long term markets they are staying high. This means folks are not expecting an abundance of cheap electricity later this year and early next year.

That isn't good for California.