September 28, 2004

Arizona Electric Ratepayers Take Notice:

Michael Giberson Platt?s POWER reports that Arizona Public Service Company (APS) has reached an agreement with ?merchant generators and others? that would allow the company ? the largest regulated public utility in Arizona ? to purchase five power plants from an unregulated corporate affiliate, Pinnacle West Energy Corp. (PWEC). Both APS and PWEC are subsidiaries …

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$50 Oil, Yikes!

Lynne Kiesling Oil futures passed $50/barrel overnight, largely based on low US inventories and the anticipation of unrest in Nigeria, which could disrupt supply. The Wall Street Journal has a slug of articles today about oil prices, fuel efficiency, how natural gas prices are increasing the costs of exploiting Canada’s oil sands, etc. The best …

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