This summer could be much worse. For one thing, peak demand yesterday was about 34,000 megawatts, far below the 45,000 megawatts or more expected this summer. The trader noted that temperatures outside the state continue to be moderate. A full regional heat wave will drive state costs even higher. Michael Shames, executive director of the Utility Consumers' Action Network, said the warmer weather actually takes some pressure off generating companies.
Supplies are tight.
Staff writer Karen Kucher contributed to this report.