Déjà Vu ~ Times: TransAlta Culpa (Again) ?

Friday, August 1, 2014

TransAlta Culpa (Again) ?

A bottomless pit of contrivance?
(from office.microsoft.com)

A few days ago in Alberta, a heat spike was forecast. The power-generating giant TransAlta seems to have anticipated its own spike as two of its large coal-fired electricity generating plants were shut down for “unscheduled maintenance” creating a classic supply and demand divergence—huge demand with limited supply, with the resultant classic free-market spike.

Are we surprised? Why shouldn’t this be the rational, transnational strategy for all corporations that “live and breathe” the bottom line? Makes perfect cents (by the trillions).

Oh, and yes! We have seen this before. As recently as February of this year at:

http://www.cbc.ca/news/canada/calgary/transalta-accused-of-manipulating-energy-prices-in-alberta-1.2554508?cmp=rss (*) Quote:

“Alberta's power-generating giant TransAlta has been accused of market manipulation again.
“The power company is in trouble with the province's electricity watchdog — the Market Surveillance Administrator (MSA).
“It says the company shut down some of its power plants on four occasions during peak periods in 2010 and 2011, driving up prices.
“TransAlta rejects the allegations, but the case is already prompting calls for tougher regulation of the electricity market. …
“… this isn't the first time TransAlta has faced allegations like this.
“The company was fined $370,000 in 2012 for market manipulation.”

So what does free market really mean? Free to manipulate supply and demand for profit? Free to get off almost scot-free when caught? Free to repeat in endless déjà vu?

And what power-generating corporation has not clued into this “spike and spin-dry” strategy? When weighing gains and losses, who can resist?

So, in years to come, will our current free-marketeer defenders be judged as blind and deaf to “realities” (as passionately unobserving) as those we have judged from the so-called “dark ages”?

Is dummkoph-ish the word that springs to mind for our day (and for all of us who sit back and let this happen time and again)?

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* See also: http://www.cbc.ca/news/business/transalta-admits-to-manipulating-electricity-prices-1.976969

Revolving Accounts

"The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun. Is there any thing whereof it may be said, See, this is new? it hath been already of old time, which was before us." (OT:Ecclesiastes 1:9-10)

"Dwell in the past and you'll lose an eye. Forget the past and you'll lose both eyes." (Old Russian Proverb)

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Over time, this blog will contain:
Thoughts & observations
Virtual accounts (va)
Déjà vu quotes
Sketch-Stories
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Déjà Vu ~ Times blog © 2008 - 2020 by SMSmith (unless otherwise noted). Some Rights Reserved. See Creative Commons License at the end of this column/page. NOTE: all quotes from others are subject to the terms of their copyrights and do not fall under my CC licensing.

Déjà Vu ~ Times blog was established April 24, 2008 while the author was living in southern Utah.

My World / Transworld View

(Subject to change over time: experience/learning/ evidence)

▪ Life is a three-act drama with pre-mortal, mortal, and post-mortal stages.
▪ The second act boils us down toward test one:^[1] the test of power.
▪ Abusers of power lose it in Act Three when justice and equity take the bench.
▪ Tipping points happen—over time and a fulcrum.
▪ Motes and beams are everywhere.[2]
▪ Folly is a shadow of every ism, including capitalism.
▪ Money talks louder than morals—all the way to the tipping point.
▪ The direction you are facing, matters.[3]
▪ Extremism in the defense of liberty is extremism.[4]
▪ When the blind follow the blind, it is time to blow the whistle.[5]
▪ Opposites attract the same lobbyists.
▪ Solon of Athens espoused, “Nothing in excess;” laissez-faire capitalists pursue “Everything in excess” (except the costs of gross profit).
▪ “Simplify” displayed on the counter-top of a new 21,000 sq. ft. home does not compute.
▪ High fructose corn syrup is not the staff of life. Unfortunately, sweets can twirl your teeth.
▪ Revolving doors between government and business do not admit sufficient fresh air.
▪ The common good doesn’t seem to be very common.
▪ N. American football is a testosterone pageant in tights.[6]
▪ Exploitation is a delusion of grandeur. Stewardship is a grander conclusion.
▪ The excesses of major religions occur when members fail their espoused values. The excesses of ideological tyrannies occur when tyrants act upon theirs.[7]
▪ Praise is best deflected toward God.
▪ Too many who say, “I do, I do,” don’t.
▪ Electronic media has become the Roman Coliseum of the 21st Century.
▪ The First Law of Attraction[8]: the Devil is more obsessed with persons striving to do and be good than with persons who are not.
▪ The trans-rational[9] is beyond most of us, so if it’s “turtles all the way down,”[10] maybe it is “revelation all the way up.”[11]
▪ Egoism accounts for 80% of human problems. The remaining 27% lies with rhetoric and propaganda.

In the near words of Groucho Marx, “These are my [views]; if you don’t like them, I have others.”

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[1] New Testament: Matt. 4:2-4—The first temptation presented to Jesus, to misuse His power to satisfy self-interest/-will/-gratification.
[2] Ref: Matthew 7:3-5
[3] Old Testament: Jer. 32:33
[4] A Barry Goldwater phrase “Extremism in the defense of liberty is no vice. And moderation in the pursuit of justice is no virtue.” A phrase applauded by some of the GOP. (Suggestion: reverse liberty and justice to see if it sounds more palatable, or is the latter half merely castor-oil for the first?)
[5] Ref: Matthew 15:14
[6] Observation of a friend, MS, who wishes to remain anonymous for obvious reasons.
[7] Ref: Ravi Zacharias
[8] Ref: Adam & Eve; Biblical Job; Jesus in the Wilderness; CS Lewis’ Screwtape Letters, etc., etc., etc.
[9] Ref: Flatland by Edwin Abbott. In summary, circles, squares and other flatlanders can’t get a fix on spheres and cubes; can’t quite reason themselves into the properties of those in 3-D space. Enlightenment of things beyond (i.e., trans-) Flatland takes condescension from those above & beyond. Any parallels here in 3-D?
[10] Google this phrase if you have not heard of it. It’s just one way of saying we don’t have a rational explanation for some things.
[11] Conditional on the will of the Revelator and the willingness/ ability of the revelatee to receive.

About SMS

A few 6-to-7-Word Memoirs:
▪ Hope for the world comes and goes.
▪ Loves to read more than eat.
▪ Loves to think more than eat.
▪ Eats too much while reading and thinking.
▪ Always running out of time and daylight.
▪ Finds extremes too far from the center.
▪ Troubled by the world’s failure of memory.
▪ Has a tendency to counsel God.
▪ Learned gratitude before it was too late.
▪ Apparently hasn't learned enough gratitude yet.

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No Comments Rationale

1) Time & more needful priorities;
2) Problems observed with many open-comment blogs as so bluntly expressed at http://www.ritholtz.com/blog/comment-policy/ ;

3) People are free to post divergent or convergent views on their own blogs;
4) Learning from comments here would be preferable, but— (see 1, 2, & 3).

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Friday, August 1, 2014

TransAlta Culpa (Again) ?

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