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  1. 02-04-2011 #1
    Nbadan
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    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 cons uents, the power companies, and 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

    Welcome to Enron style power pricing....
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  2. 02-04-2011 #2
    Yonivore
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    Quote Originally Posted by Nbadan

    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 cons uents, the power companies, and the consumer...




    Link

    Welcome to Enron style power pricing....
    Let me check my stock portfolio before I get too upset.
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  3. 02-04-2011 #3
    Yonivore
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    Hey, Dan; is that wanted poster a sign of the new civility?
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  4. 02-04-2011 #4
    Yonivore
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    Here's your real culprit...

    Obama’s Blocking Of New Power Plants Triggers Nationwide Blackouts

    It's even posted on your Bible site, Dan! PrisonPlanet.com
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  5. 02-04-2011 #5
    Nbadan
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    Oh the irony..

    Prison Planet = FAUX News.......
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  6. 02-04-2011 #6
    boutons_deux
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    Yoni wants civility?

    civility from the right wing is all talk, and no action.

    Yoni, civil this: GFY
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  7. 02-04-2011 #7
    Drachen
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    Quote Originally Posted by Yonivore
    Hey, Dan; is that wanted poster a sign of the new civility?
    Look to the left of the original of the quoted post to see the irony.
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  8. 02-04-2011 #8
    ChumpDumper
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    Quote Originally Posted by Yonivore
    Here's your real culprit...

    Obama’s Blocking Of New Power Plants Triggers Nationwide Blackouts

    It's even posted on your Bible site, Dan! PrisonPlanet.com


    How many plants would have been online at capacity at this time?

    Strangely enough, one of the few Texas power generators that met it's production requirements during the blackout period was the wind farm.
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