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CenterPoint Energy, Inc. Message Board

  • herzconverter herzconverter Aug 24, 2000 4:19 PM Flag

    New announcements

    I read several articles today, one talked about
    how the Clinton admin was stepping up an
    investigation into the electric rates in california. Wonder
    what kind of problems this will bring to the Power
    industry. It may have been in this article, but for the
    first time I saw mention of laying blame on californias
    woes on the state and environmentalists. It stated
    that companies have proposals in but the govt. drags
    it's feet and every project is opposed by the
    environmentalists.

    I also read another article that talked about the
    Democratic Convention and how they were going to set up
    Photovoltaic cells to provide 15% of the power. It also stated
    that the rest of the power used was generated by wind.
    The article quoted someone as saying that this was
    just a PR thing, that wind and sun whil good, cannot
    solve all of the countries power needs.

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    • If only we could harness the power of these national political conventions! Al Gore by himself would be worth a few kilowatts of wind power generation...

    • <<I read several articles today, one talked
      about how the Clinton admin was stepping up an
      investigation into the electric rates in california. Wonder
      what kind of problems this will bring to the Power
      industry. It may have been in this article, but for the
      first time I saw mention of laying blame on californias
      woes on the state and environmentalists. It stated
      that companies have proposals in but the govt. drags
      it's feet and every project is opposed by the
      environmentalists.>>

      I've been saying this for a couple of months now, to a
      greater extent on the EIX board, where a lot of people
      seem to lay the blame for that state's problems on
      EIX. California, including its ratepayers, walked, no
      ran, right into the mess they're in. First, they make
      it impossible to build a power plant or to site new
      transmission in the state. Meanwhile, they reap the benefits
      of tremendous economic growth, above average for the
      US because of Silicon Valley, with energy
      consumption increasing even faster as a result of the
      aforemention Silicon Valley. Mix in uncertainty about
      deregulation, further ensuring that no one will build a new
      plant or new transmission. Now deregulate the market in
      a hurry, and don't allow the utilities to use price
      hedging, so customers will be sure to pay high rates
      during the summer. Throw in a little help from Mother
      Nature (an extra hot summer in the first year of
      household-level deregulation) and you have a disaster. Now add a
      public that conveniently doesn't remember that they
      voted for deregulation 2.5 years ago. Voila! Daily
      headlines, FERC intrusion, CAL ISO meddling, legislative
      "emergency fixes," posturing. In short,
      California!

      Fortunately (for the ratepayer), in Texas we are heading for
      a seriously overbuilt market, which means cheap
      cheap cheap electricity. It also means that a few
      companies are going to lose a lot. C44 wondered the other
      day whether any of REI's plants would be running when
      that day comes. The answer is yes: the coal plants and
      the nuke will still run year-round, because the fuel
      is so much cheaper. The other gas-fired steam units
      will be pushed down on the dispatch curve, effectively
      becoming intermediate or peaking units. Will this be
      profitable? That's the big question.

      <<I also
      read another article that talked about the Democratic
      Convention and how they were going to set up Photovoltaic
      cells to provide 15% of the power. It also stated that
      the rest of the power used was generated by wind. The
      article quoted someone as saying that this was just a PR
      thing, that wind and sun whil good, cannot solve all of
      the countries power needs. >>

      Too true.
      While it's important to use renewable energy and to
      conserve where we can, we can't simply shut down power
      plants and put up wind turbines and solar cells. There
      is just not enough infrastructure. We gotta live
      with what we have while we develop energy sources for
      the future. Go nuclear! (I know, I
      know...)

      Happy investing.

      LL

    • Did anyone see these
      announcements?

      http://www.reliantenergy.com/newsroom/pressrelease.asp?releaseid=155

      This is about Reliant forming a Renewable energy
      division in the Wholesale Group that will exploit wind and
      other ventures.

      They also made an announcement
      about a deal with Lowes that I think will provide brand
      recognition.

      http://www.reliantenergy.com/newsroom/pressrelease.asp?releaseid=154

 
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