don't cry for California [RE-wrenches]

[Michael Welch, Home Power]

Here's a good one.

Aluminum smelter plants in the NW have shut down and are making a huge profit by doing so. These plants had long term contracts with the Bonneville Power Admin. for hydro power. They are reselling this power into CA instead of using it. They are still paying their employees (even though they are off), making an increased profit by not running the plants, AND they are contributing a portion of the excess profits to a fund to be overseen by the employees for investing in RE. At this point they are looking at investing those excess funds in new local wind farms.
   
Michael Welch
   
------------------------
"Society is like a stew. If you don't keep it stirred up, you get a lot of scum on top."

			Edward Abbey
         
Michael Welch, michael.welch at homepower.com www.homepower.com
      Associate Editor, Home Power magazine
      Office Coordinator, Redwood Alliance
      (Not HP mag's #s) 707-822-7884 fax: 707-822-3481
      

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