Power plants can bid on more than one product. That's why most spark-spread studies miss the mark.
Forward energy prices can make it look easy to place a value on a power plant. Yet...
with competition within the bastion of distribution. It is only a matter of time¼
THE TIME OF THE NATURAL MONOPOLY over distributions services will, in my estimation, be over much sooner than the conventional wisdom in this industry would have us believe.
Source: Excerpts from concurring opinions written by Commissioner Jessie J. Knight Jr., in Rulemaking 92-03-050, Decision 97-12-098 and Decision 97-12-099, Dec. 16, 1997. (Cal.P.U.C.).
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