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Article: State Could Prevent Direct Access Buys Of Power.(Brief Article)
- Article from:
- San Diego Business Journal
- Article date:
- April 23, 2001
- Author:
CopyrightCOPYRIGHT 2001 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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At the height of California's energy crisis, Paul Aube found a way around high electricity prices. But now he worries the state may move to stop other businesses from getting similar deals.
Aube, vice president and general manager of El Cajon-based Triumph Components-San Diego, Inc., switched energy service providers to AES NewEnergy, a subsidiary of Arlington, Va.-based AES Corp. The contract, signed in November, locked in electricity costs at 8 cents a kilowatt hour, or less than half the market rate.
Since his business uses about 120,000 kilowatt hours of electricity a month, that's a major savings. These contracts last until the end of 2003 and cover ...