Electric Power Monthly (10/15/2009): “Net generation in the United States dropped by 7.6 percent from July 2008 to July 2009. This was the 12th consecutive month that net generation was down compared to the same calendar month in the prior year. The Commerce Department reported that real gross domestic product decreased 0.7 percent from the first quarter of 2009 to the second quarter of 2009. Continuing to reflect this decline, industrial production in July 2009, as reported by the Federal Reserve, was 13.1 percent lower than it had been in July 2008, the 13th consecutive month that same-month industrial production was lower than it had been in the previous year. The decline in net generation is also consistent with the National Oceanic and Atmospheric Administrations (NOAAs) population-weighted Residential Energy Demand Temperature Index (REDTI) for July 2009, which was approximately 13.3 percent below average consumption. NOAA attributes the low value to temperatures that were cooler-than-average in the northeast.”
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