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Doug Kanter
 
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Default Fuel prices moving up, just in time for spring boating and driving?


"Shortwave Sportfishing" wrote in message
...
On Sat, 25 Mar 2006 06:39:35 -0500, thunder
wrote:

On Sat, 25 Mar 2006 05:18:51 +0000, Doug Kanter wrote:


Idiot. PG&E **wanted** to build one 75 miles from the San Andreas fault
about 25 years ago. Idea crushed. What friggin' world are YOU living in?


Interestingly, a Japanese court just shut down Japan's newest nuclear
plant for the very same reason.

http://news.bbc.co.uk/2/hi/asia-pacific/4839970.stm


We've got to get real about energy needs - in particular electricity
transmission.

We've got a brandy new, three gas-turbine power plant down in
Killingly which was built by PG&E as an investment during the hey day
of power "deregulation". As PG&E went bankrupt, the banks took it
over and they only run it two days a week - in theory because natural
gas prices are too high.

As designed, all three turbines can make up to $185,000 each per day
on $485,000 total operating costs. $555,000 (approx) made above and
beyond what it costs to operate the plant even at these elevated gas
prices per day.

Per day.

Obviously they run the plant to just maintain costs. The banks who
hold the property claim they are losing money.


Letting banks run anything but banks is goofy. There's a foreclosed house
down the street from me. The bank can't even figure out how to keep the lawn
mowed.


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