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Duke Energy Accused of Gouging.


An out-of-state power wholesaler charged nearly $4,000 per megawatt-hour for electricity last winter -- a brazen bra·zen  
adj.
1. Marked by flagrant and insolent audacity. See Synonyms at shameless.

2. Having a loud, usually harsh, resonant sound: "sudden brazen clashes of the soldiers' band" 
 action that demonstrates the major flaws in California's deregulated energy market, officials said.

Duke Energy Corp. charged $3,880 per megawatt-hour during a brief period last winter, the highest price yet disclosed for emergency power and more than double the $1,900 that Gov. Gray Davis excoriated Texas wholesaler Reliant Energy Reliant Energy, Inc., based in Houston, Texas, is a non-utility, retail and wholesale electricity provider.

In Texas, it provides service to nearly 1.9 million retail electricity customers, including residential and small business customers and commercial, industrial,
 Inc. for charging last month.

A spokesman for Gov. Gray Davis said the rates were "obscene Offensive to recognized standards of decency.

The term obscene is applied to written, verbal, or visual works or conduct that treat sex in an objectionable or lewd or lascivious manner.
," but Charlotte, N.C.-based Duke said it hasn't received any payment for the power and that it would waive To intentionally or voluntarily relinquish a known right or engage in conduct warranting an inference that a right has been surrendered.

For example, an individual is said to waive the right to bring a tort action when he or she renounces the remedy provided by law for such
 the credit premiums that made up 80 percent of the $3,880, if it gets paid. Duke officials also said the company made the sales only because it was ordered to do so by the California Independent System Operator.
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Title Annotation:Duke Energy Corp.
Comment:Duke Energy Accused of Gouging.(Duke Energy Corp.)
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 11, 2001
Words:142
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