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Proposed Calpine Power Plant
aka Metcalf Energy Center

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Sunday, July 14th, 2002 @ 7:16 PM
Subj: California's bggest new power plant, and where's that $40 BILLION
From: Timalton@aol.com

The new 1060MW Moss Landing Power Plant expansion came on line very quietly earlier this month. It is connected directly to San Jose's power grid. See http://www.santateresacitizen.org/

Another interesting thing on the money front. The CAISO had to drop the price cap on electric power from $95 to $55 per Mega Watt Hour. This was because the reserves dropped below 7 percent during the hot week we just had. The $55 number comes from the cost of the most expensive, inefficient, old, dirty, power plant that they had to buy power from. Compare that to the long term contracts with MEC for $59 what a deal, we get a power plant in our back yard because it is too expensive to build it away from neighborhoods, and we get to pay a premium for the power from it!

Some numbers from CAISO on the recent rip off due to California's supposed increasing demand for power: http://www.caiso.com/docs/2002/06/20/2002062017585415042.pdf page 11

So in 2000 we used 4.5% more power and paid 350% of the price from 1999.
and in 2001 we used less power and paid yet more. And now with new efficient MEC we will pay 170% of the average price from 1999 when we only had those older plants. Thank goodness for progress.

Anybody seen where the $40 billion dollars went?
I don't understand why the paltry figures in the "Oracle contract scandal" displace this story in the newspapers, until we find the $40 billion and stop the continued rip off these long term contracts represent.

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