SOURCE: Industrial Info Resources

Industrial Info Resources

September 22, 2015 06:15 ET

Power Prices in California Surge, Driven by High Temperatures, Fires and Power Plant Outages, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Sep 22, 2015) - Written by John Egan for IIR Energy (Sugar Land, Texas) -- Record temperatures pushed up electric load and day-ahead power prices in California on September 8-11. Power market fundamentals also were affected by several large fires in the state, as well as a large number of electric generators in the region, which were idled either for planned or unplanned outages.

IIR Energy's PowerCast Live showed a total of 25,335 megawatts (MW) of power plants in the Western Electricity Coordinating Council (WECC) were offline between September 1 and September 17. Some of these outages were planned, but others were unplanned.

Within this article: Details on the recent spate of power-plant outages in California.

Companies featured: Pacific Gas and Electric Company (NYSE:PCG)

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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