Fri, Jul 25, 2014, 9:57 AM EDT - U.S. Markets close in 6 hrs 3 mins

Recent

% | $
Click the to save as a favorite.

CenterPoint Energy, Inc. Message Board

  • lewis_whokeyser lewis_whokeyser May 14, 2001 5:57 PM Flag

    Positive CA Developments

    "California Approves AES Bid to Restart Electricity Generators"
    Wall Street Journal (05/11/01) P. B8
    Arlington, Va.-based AES Corp. has received permission from the California
    Energy Commission to retool and restart its power-generating facility in
    Huntington Beach, despite protests from local environmental groups concerned
    about the plant's impact on the community. Under the deal with the
    commission, AES may run the plant for an initial 10 years, with an option to
    renew the permit at the end of that time, but must comply with
    environmental-mitigation measures specified by the commission, which will
    check on the plant's emissions in five years. The California Department of
    Water Resources has agreed to buy the 450 Mw of electricity generated by the
    plant, according to an AES spokesman. (www.wsj.com)

    "House Moving to Ease California Power Crisis"
    New York Times (05/11/01) P. A20; Shenon, Philip
    An energy subcommittee in the U.S. House of Representatives approved a bill
    to assuage the California energy crisis by allowing Gov. Gray Davis to relax
    clean-air regulations so more power plants can keep operating, and that
    would require further reductions in energy use by federal offices in the
    state. The full Energy and Commerce Committee will now consider a bill that
    is rife with partisan sentiments. In the subcommittee, members voted
    strictly along party lines as Democrats tried to get wholesale price caps
    put in place to prevent gouging by power suppliers, while Republicans fought
    for and won a reduction in environmental regulations. According to Energy
    and Commerce Committee Chairman Rep. Billy Tauzin (R-La.), price caps would
    only make the situation worse by encouraging suppliers to withhold power for
    their own customers' use. Democrats are blaming the Bush administration for
    only focusing on long-term energy solutions, such as building more power
    plants and increasing drilling for oil and natural gas, while Republicans
    are blaming California's Democrat-controlled state government for not
    allowing utilities to negotiate long-term contracts. In his own defense,
    Gov. Davis has reminded the subcommittee that his Republican predecessors
    also did nothing to increase the number of power-generating facilities in
    the state. In the end, finger-pointing by either party will do nothing to
    keep the lights on during California's long, hot summer to come.
    (www.nytimes.com)

 
CNP
25.09-0.07(-0.28%)9:55 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.