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Today's glut of electricity could be gone by 2008.
JUST a few years ago, China was still worrying about a glut of electricity.
With the decline in textile and furniture factories that had been a mainstay in the state, the company had a glut of electricity.
Investors have become increasingly concerned that a surge in new power plant construction will lead to a glut of electricity within a few years and lower the value of Enron's role as a middleman between plant owners and electricity users.
Reliant Resources, which sells energy in Texas and 12 other states, said yesterday that it would have $1 billion in third-quarter costs to write down the value of power plants amid a glut of electricity supplies.
By the next presidential election in 2004, there should be a glut of electricity.
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Governor Brown has embraced the building of fossil fuel generated electricity, along with the reopening of Aliso Canyon's gas reserve, even while Californians have a glut of electric capacity.
Restructuring led to a glut of power plants, and electricity rates have fallen in many areas.
He also thinks that a glut of generating capacity will keep electricity prices in check for years to come.
In part, the company's problems are beyond its control, a result of the collapse in natural gas prices this year and investor fears of a coming glut in electricity.
However, the recent slowdown in the demand for electricity and the glut of natural gas from the rise in fracking has driven down wholesale prices.
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Justyna Jupowicz-Kozak
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