Re: [hreg] Re: Electricity deregulation
- According to GME, their power is 100% wind generated. They
provide a state-mandated breakdown (by Coal and lignite, Natural gas,
Nuclear, Renewable Energy) and their state-registered mix is 100%
"Renewable Energy (wind)" (statewide average for Renewable is <1%). I
think being a shareholder to get the inside track is a great idea,
too. The closest stock I could find was Green Mountain Power (trades as
GMP), which was trading at 15.51 today. I think that's the same or related
company as Green Mountain Energy Company, but I'm not positive.
At 02:03 PM 6/6/01 -0500, you wrote:
>I think that Claude has hit on a great idea!!! As a shareholder, we will
>have access to detailed information about the company's investments into
>renewable energy. I have been suspect of some of these company's claims.
>When I tried to asked specific questions, no one answered. I plan to buy
>some stock and become a customer and watch what happens. If public demand
>increases, then the competition for this area should also increase.
>Please correct me if I am wrong, but I was under the impression that these
>guys are merely buying power from other producers. Not that this is bad. It
>allows us, as shareholders and customers, to influence where they go to buy.
>They are not locked into a plant that they have built or purchased. They may
>have long-term contracts, but that is generally shorter than ownership. This
>means that they can switch to wind or solar if the shareholders (the owners)
>want to do so.
>But it also means that they could be buying electricity from sources that
>are not as "green" as I would like them to be. I was never clear how much
>green had to be in the mix to allow them to call the entire enchilada
>"green." I was never really clear either on what is "green" according to
>William M. Bell, Jr.
>PO Box 926
>Fulshear, Texas 77441-0926
>Fax (bus hours only) 281-346-0994
>----- Original Message -----
>From: Claude Foster <ccfoster@...>
>Sent: Wednesday, June 06, 2001 9:11 AM
>Subject: RE: [hreg] Re: Electricity deregulation
> > If you really want to know how a company is run, buy some of their stock.
> > This will put you in the position of directing (a little bit) by voting
> > the company works.
> > Electrical costs from conventional plants are going up as fuel cost
> > increase. Wind, solar, and hydro, renewable resources, and nuclear require
> > high capital expenditure and interest rates for capital are low now. Their
> > are slightly more hazards associated with nuclear but the other clean
> > sources have some hazards and impacts that have been set aside for a
> > This seems to be the best of times to invest capital in energy companies.
> > Green Mountain appears to be stepping in the right direction but they also
> > need input from their stock holders. Lets speak together.
>Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
- I asked them these questions. Here is what they said.
The power they put on the grid will be 100% Texas wind power.
They have three to six months from the time you use it to
put it on the grid. They have a contract with a 300 Mw west Texas
So if their customers use power equivalent to a 500 Mw consumption
in the summer, but only 100 Mw in the winter, it averages out.
I am not sure what they do if they sign up more customers
than they have power production.
In other states, Green Mountain uses natural gas plants, and
a small amount of wind and solar power, but here in Texas,
the literature claims it to be 100% renewables. I shall watch
>I was going to wait until after dereg started to even consider switching. Every piece of info I saw stated in the fine print that the prices were only guaranteed until the end of the year. So they aren't committing to anything. I came to the same pricing conclusion that Mike did about Green Mountain, but deferred signing up until I could find out where exactly they had a wind farm, whether they guarantee 100% renewable use, and how much "dirty" system power are they allowed to use in the mix? And heaven only knows what wrench the legislature is going to throw into the process.
>One conclusion that keeps popping into my mind: The less I use, the less I pay. 100% rate of return on conservation.
>My 2 cents.
- I believe Green Mountain Power was the parent company from which Green
Mountain Energy was spun off and became a separate, independent company. GMP
is located in Vermont and gets its energy from a mix of sources including
hydro, coal, and nuclear. GME has its office in Austin and uses all wind
power. GMP is publicly traded on the stock exchange but unfortunately I think
GME is privately held and its stock is not available to the general public.
I'm not sure but think that is the case. According to some literature they
gave me, you can get more company info from Eleanor Scott 512-691-6316 email
eleanor.scott@... or Marci Grossman 512-691-6310 email
marci.grossman@.... The website is www.greenmountain.com.