41. Both companies also are extensively involved in nuclear plant generation and nonregulated wholesale power. 42. But Davis aides have concluded that rates must rise, given that wholesale power costs remain high. 43. But lenders, bondholders and wholesale power suppliers may have to write off billions of dollars in losses. 44. California strained through a chilly weekend to keep electricity flowing, as wholesale power prices soared. 45. Davis has urged Bush to order federal regulators to place temporary caps on the price of wholesale power sold to the state. 46. Davis urged the president to look at such solutions as ordering the power generators to refund some of the recent high wholesale power prices. 47. Earlier in the week, the Energy Department extended for another week its order requiring wholesale power companies to supply California with electricity. 48. Entergy said the gain was fueled by its non-regulated businesses, such as nuclear plant operation and wholesale power marketing. 49. Entergy has expanded rapidly in recent years in the ownership and operation of domestic and foreign power plants and the non-regulated sale of wholesale power. 50. FERC imposed around-the-clock controls on wholesale power prices in June. |