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Corporate predation strikes again. [EMAIL PROTECTED] Electricity Costs Double in West as Hotter Weather Is Forecast July 6, 2002 By BLOOMBERG NEWS SACRAMENTO, July 5 (Bloomberg News) - Electricity prices in the western United States more than doubled today as new forecasts called for hotter weather, which will increase demand for power to run air-conditioners. Silicon Valley Power, the municipal utility in San Jose, Calif., expects demand in its service area "to spike with the heat," said Saul Lopez, a trader for the utility who was buying extra power in anticipation of increased demand on Monday. Utilities in the West were buying power in the volatile day-ahead market to add to electricity they generate themselves or buy under longer-term contracts. Many utilities did not supplement their supplies earlier this week, as mild weather pushed prices to a five-year low before the July 4 holiday. Wholesale electricity for delivery on Monday at the California-Oregon border surged to $27 a megawatt-hour today from $10.50 on Wednesday, according to Bloomberg data. It was the biggest one-day gain in almost 21 months. The border price on Wednesday was the lowest since June 1997. Electricity demand in California will climb to 39,000 megawatts on Monday from a peak of 31,418 megawatts today, said Lorie O'Donley, a spokeswoman for the operator of the state's power-transmission network. The California Independent System Operator may ask power-plant owners to defer maintenance work on Monday to ensure sufficient supplies, Ms. O'Donley said. Forecasters are expecting temperatures in Sacramento to reach 98 degrees on Monday, up from 89 degrees today. That would push air-conditioner use to 30 percent higher than normal for this time of year, according to Weather Derivatives of Belton, Mo. "It's going to get hot and humid for a sustained period," said Dave Salmon, a forecaster for Weather Derivatives, "and that makes air-conditioners work harder and harder to keep buildings cool." California "is going to be hotter than normal during the hottest time of the year," Mr. Salmon said. http://www.nytimes.com/2002/07/06/national/06ELEC.html?ex=1026925957&ei=1&en=84140ad96a4d5ecb HOW TO ADVERTISE --------------------------------- For information on advertising in e-mail newsletters or other creative advertising opportunities with The New York Times on the Web, please contact [EMAIL PROTECTED] or visit our online media kit at http://www.nytimes.com/adinfo For general information about NYTimes.com, write to [EMAIL PROTECTED] Copyright 2002 The New York Times Company <A HREF="http://www.ctrl.org/";>www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html <A HREF="http://peach.ease.lsoft.com/archives/ctrl.html";>Archives of [EMAIL PROTECTED]</A> http:[EMAIL PROTECTED]/ <A HREF="http:[EMAIL PROTECTED]/";>ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
