From the print edition,
WSJ, page A9, "power shortage vexes Texas."
Texas, which is facing an electricity shortage, should let power prices rise sharply to give companies more incentive to build badly needed generating plants, experts said in a report to state grid officials.
Data points:
- in Texas, the grid will be close to the edge this summer
- rolling blackouts possible if "too many" power plants break down at the same time
- 25 million residents; second most populous state; second to California
- Texas: expected to have a 2,500 megawatt shortfall in generating capacity by 2014; represents five large power plants -- wow, natural gas at $2.00 didn't arrive a moment too soon ...
This paragraph stands out:
The state has an unusual electricity system, in which generators only make money when they actually sell electricity.
Okay. Google the article for the rest of the story. Meanwhile:
All My Exes Live in Texas, George Strait
No comments:
Post a Comment