China's growing pains continue:
"the nation’s state-owned utility companies are defying government economic planners by deliberately reducing the amount of electricity they produce."
...
"The utilities’ go-slow tactics include curtailing the planned expansion and construction of power plants, and running plants for fewer hours a day. And in a notable act of passive defiance, the power companies have scheduled an unusually large number of plants to close for maintenance this summer — right when air-conditioning season will reach its peak."
....
"The government has put pressure on China’s coal mines, also largely state-owned, to continue supplying power companies with coal at below-market prices under long-term contracts. But the mines, which are also profit-oriented operations, have responded with their own form of passive resistance — by sending their cheapest, lowest-quality coal with the most polluting sulfur."
Fascinating, a nice peek. China VS evil godless companies?
http://www.nytimes.com/2011/05/25/bu...nt/25coal.html
Pete