A study released Wednesday by Santa Monica, CA-based Rand Science and Technology raised a caution flag for California becoming overly reliant on natural gas-fired electric generation, which it said could add to the risk of more volatile and rising gas prices. Assuming under current plans that the state’s natural gas use could double by 2010, the report advocates a “balanced portfolio” approach to the state’s future energy planning that will minimize risks of supply/price volatility.
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Maine Urged to Proceed with Caution on Possible Canadian RTO
Any examination of Maine’s electric utilities joining a regional transmission organization (RTO) that would include northern Maine and parts of Canada shouldn’t work from the assumption that such an RTO, in and of itself, will automatically yield a range of benefits for the state’s electricity consumers, a number of industry stakeholders recently told the Maine Public Utilities Commission (PUC).
Merrill: Finger Pointing Delays CA Solution
Merrill Lynch urged investors in energy marketing stocks to “proceed with caution” during this period of “finger pointing” in California. “Outrageous claims and ignorance appear to be the themes of the day,” the Wall Street analysts said in a bulletin titled “Santa Claus, the Tooth Fairy and Leprechauns Do Exist – Just Ask California.”
Merrill: Finger Pointing Delays CA Solution
Merrill Lynch urged investors in energy marketing stocks to”proceed with caution” during this period of “finger pointing” inCalifornia. “Outrageous claims and ignorance appear to be thethemes of the day,” the Wall Street analysts said in a bulletintitled “Santa Claus, the Tooth Fairy and Leprechauns Do Exist -Just Ask California.”