Nbadan
02-04-2011, 04:21 PM
http://1.bp.blogspot.com/_NUZ_fM-TQKQ/ShR8U_ur-9I/AAAAAAAANqA/5Z7XqUdLSLs/s400/rick+perry+treason.jpg
I'm on this!
Texas Observer: Some Companies Made Millions Off the Texas Blackouts
February 4, 2011
Michael Giberson
I'm sure Rick Perry is gonna step up for his constituents, the power companies, and fuck the consumer...
In other commentary on ERCOT’s rolling blackouts: “Some Companies Made Millions Off the Texas Blackouts.”
While Texans suffered rolling blackouts yesterday, some power generators were enjoying windfall profits. Starting around 5 a.m., prices in the wholesale market surged to the market cap, $3,000 per megawatt-hour, and stayed there, off and on, until around noon. Prices are typically below $100/megawatt-hour, acknowledged ERCOT CEO H.P. “Trip” Doggett today in a press conference.
There are still more questions than answers but this much is clear: At best, some power generators around the state raked in oodles of money thanks to the way ERCOT has structured the energy market. At worst, some may have manipulated the market to drive up prices.
Link (http://knowledgeproblem.com/)
Welcome to Enron style power pricing....
I'm on this!
Texas Observer: Some Companies Made Millions Off the Texas Blackouts
February 4, 2011
Michael Giberson
I'm sure Rick Perry is gonna step up for his constituents, the power companies, and fuck the consumer...
In other commentary on ERCOT’s rolling blackouts: “Some Companies Made Millions Off the Texas Blackouts.”
While Texans suffered rolling blackouts yesterday, some power generators were enjoying windfall profits. Starting around 5 a.m., prices in the wholesale market surged to the market cap, $3,000 per megawatt-hour, and stayed there, off and on, until around noon. Prices are typically below $100/megawatt-hour, acknowledged ERCOT CEO H.P. “Trip” Doggett today in a press conference.
There are still more questions than answers but this much is clear: At best, some power generators around the state raked in oodles of money thanks to the way ERCOT has structured the energy market. At worst, some may have manipulated the market to drive up prices.
Link (http://knowledgeproblem.com/)
Welcome to Enron style power pricing....