|SouthSanJose.com: The Community Web Site Serving Santa Teresa, Almaden Valley, Blossom Valley, Coyote Valley and Evergreen|
|Sunday, July 14th, 2002 @ 7:16 PM|
Subj: California's bggest new power plant, and where's that $40 BILLION|
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.
Anybody seen where the $40 billion dollars went?
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