With demand up, California ISO calls Stage 2 emergency

HOUSTON, July 2, 2001 – With power demand running 2,000 MW above forecasts, the California Independent System Operator issued a Stage 2 emergency Monday signifying the reserve margin has fallen to less than 5%.

WALTHAM, Mass., July 2, 2001 – Thermo Electron Corporation announced today that it has completed the sale of a vast majority of the assets of its wholly owned Thermo Ecotek power-generation business to Arlington, Virginia-based AES Corporation for approximately $238 million.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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