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Texas

modrepub

(3,647 posts)

6. Industry Always Does Well

Reply to SARose (Reply #4)

Tue Jun 11, 2024, 10:25 AM

Jun 2024

Back in the 90s I worked for a NE state. Asked about a new gas-fired power plant. Was told by a colleague it wasn’t running. Gas prices were so high the plant sold its gas contract, bought electricity on the spot market to cover itself and pocketed a nice profit (for not running).

Yea, markets are wacky like that.

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ERCOT predicts up to 16% chance of emergency power conditions in August - KXAN [View all] TexasTowelie Jun 2024 OP

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Industry Always Does Well modrepub Jun 2024 #6

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