|In reading the article linked below "Costly export: Golden State power AES finds investment in California plants pays off" By Russ Britt, I have chosen to add some of the companies mentioned to the 'watch list' portfolio.|
Two sentences I found interesting in his article were;
1)"The problem, both sides say, is that it's next to impossible to trace which power goes where."
2)"California - is extremely difficult since many of these involve private companies that often don't have to open their books."
I guess that helps explain how 'collusion' accusations get quite obscure to ever argue about when the business side of the energy/util industry isn't really very transparent .
New additions to watch list portfolio:
Reliant Energy Corp. (REI) - operates 5 plants in CA.
Duke Energy Co. (DUK)- bought plants in CA
AES Corp. (AES) - sells the electricity to Williams
Thermo Ecotek Corp. (TCK) - alernative energy
The Williams Companies Inc. (WMB)
Mirant Corp. (MIR)
Some key California Energy Crisis followers mentioned:
George Sladoje, CEO of the California Power Exchange.
Keith Casey, economist California Independent Systems Operator.
Peter Navarro, public policy professor at UC Irvine.