But the fly in the ointment is computer modeling, where no one yet agrees on how to mirror the real world.
A promise made is a promise kept, even in the halls of government.
Have gas prices fallen victim to speculation?
On Thursday, Dec. 8, as natural gas hit $40 at the citygate for Southern California (prices hit $60 that Friday), I found myself in Colonial Williamsburg, a guest of Michigan State University's Institute of Public Utilities, at the group's annual conference, watching a panel of industry experts try in vain to explain what was happening.
News Digest
A report titled "NY Cash Infusion," appearing in the "News Digest, Transmission & ISOs" pages of the Nov. 1, 2000 edition of , could leave readers with the erroneous impression that the NYISO [New York Independent System Operator] required emergency action to pay its bills. This would be grossly inaccurate.
News Analysis
[T]he Commission believes that real rate relief for California electricity consumers will be fully realized in the State when sufficient new generation and transmission resources can be attracted and built and better demand-side management responses can be prompted. Only competitive markets will do these things. We believe it would be a mistake to revert to the kind of rate regulation that contributed to the decline in investment that clouds California's energy future today.
Frontlines
$$$/MWH???