MNeagle
2nd June 2010, 07:02 PM
Foreclosure Life Raft; Price Wars at Walmart; Electrical Demand Drops Two Straight Years, First Since 1949
Citing reduced electrical demand American Electric Power will keep 10 units off line most of the year.
American Electric Power Inc., one of the nation's biggest power generators, says 10 of its smaller, coal-fired generating units will remain off line for much of the year because of lower demand for electricity.
The company said the units will be kept in "extended startup status," during off-peak months beginning Tuesday. The plan will allow the company to redeploy workers at several coal-fired units projected to run less frequently over the next few years.
During peak months of July, August and January, these units will be available as they have been in the past.
The recession has dampened demand for electricity, especially from industrial customers. Electricity demand fell for the past two years, the first time that has happened since 1949.
more (but already covered here): Link to Article (http://globaleconomicanalysis.blogspot.com/2010/06/foreclosure-life-raft-price-wars-at.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnaly sis+%28Mish%27s+Global+Economic+Trend+Analysis%29)
EDIT: Changed long link to named link to prevent horizontal scrolling. -Gaillo
Citing reduced electrical demand American Electric Power will keep 10 units off line most of the year.
American Electric Power Inc., one of the nation's biggest power generators, says 10 of its smaller, coal-fired generating units will remain off line for much of the year because of lower demand for electricity.
The company said the units will be kept in "extended startup status," during off-peak months beginning Tuesday. The plan will allow the company to redeploy workers at several coal-fired units projected to run less frequently over the next few years.
During peak months of July, August and January, these units will be available as they have been in the past.
The recession has dampened demand for electricity, especially from industrial customers. Electricity demand fell for the past two years, the first time that has happened since 1949.
more (but already covered here): Link to Article (http://globaleconomicanalysis.blogspot.com/2010/06/foreclosure-life-raft-price-wars-at.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnaly sis+%28Mish%27s+Global+Economic+Trend+Analysis%29)
EDIT: Changed long link to named link to prevent horizontal scrolling. -Gaillo