Sorry to sound like a broken record, but Thursday’s marketcontinued the pattern set Tuesday and Wednesday: ever-higher pricepeaks in the frigid Northeast (the top quote was $19 at TranscoZone 6-NYC) and considerably smaller but still strong increaseselsewhere.
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Articles from Broken
Lengthy CA Permitting ScaresOff Power Plant Investors
Ground was broken this month for development of a $275 million,540 MW natural gas-fired power plant in Arizona by San Jose,CA-based Calpine Corp., and close observers of California electricrestructuring are indicating this plant may be the first of manymore out-of-state plants designed to serve California.
Lengthy CA Plant Permitting Scares Off Investors
Ground was broken last week for a $275 million, 540 MW naturalgas-fired power plant in Arizona by San Jose, CA-based CalpineCorp., and close observers of the California electric restructuringare indicating this may be the start of more to come throughout theSouthwest.
Duke Buying Australian Power Business
Duke Energy International, LLC (DEI) acquired Broken HillProprietary Company Ltd.’s power business (BHP Power) for $315million. The purchase will establish DEI as an industrial energyfacility operator in the emerging competitive Australianelectricity market.