1. Companies such as ICI and Esso, which also sell power into the national grid, are also concerned to keep their fuel plans secret. 2. Aluminum producers, for instance, have cut production in order to sell electrical power that is too valuable to use for smelting aluminum. 3. American Electric Power said colder-than-average weather allowed it to sell more power to its customers and other utilities. 4. And the utility would be required to begin letting other companies sell power in its market and distribute it over Con Edison lines. 5. And they should ensure that the lowest-cost producers sell power. 6. Any independent power producer or other utility may also sell power into the pool or directly to customers in bilateral deals. 7. Angelides has charged that companies selling power to California have been making unconscionable profits and has even suggested the state consider taking over some of the generating companies. 8. At present, even with time-of-day pricing, peak power is sold well below cost and non-peak power is sold well above cost. 9. At one end would be the generating companies, which would compete to sell power on a spot market, much like a commodities exchange. 10. Bonneville won another key victory days later, when Congress granted it the right to sell power outside the Northwest, where prices are often higher. |