Deck:
Make that 2.3 cents-the miserly refund that California says it might owe for power that it sold to the Pacific Northwest.<b> </b>
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Off Peak
October 1, 2001
Pennies From Heaven
Make that 2.3 cents-the miserly refund that California says it might owe for power that it sold to the Pacific Northwest.
Every time it rains ... it still leaves those hydro reservoirs just a little bit short.
In August, the California Department of Water Resources (DWR) filed evidence at the Federal Energy Regulatory Commission claiming nearly $1.5 billion in refunds on some 6.8 million megawatts of power it purchased between Jan. 17 and June 20 from suppliers in the Pacific Northwest. The figures imply that California overpaid by about $215.50 per megawatt-hour.
By contrast, the DWR says it sold some 1.35 MWh to Pacific Northwest buyers over the same period. But on those sales, DWR admits it owes refunds of only $31,241, or about 2.3 cents per MWh.
Question: Please state your name and business address.
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