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Michael A. Devine, Caterpillar Inc., Mossville, IL

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Switchgear June 1, 2005

Profits from power? Onsite generation pays big dividends

Ten years ago, when electricity supplies were abundant and prices stable, industrial plants had little reason to generate their own power. Today, the picture has changed. Energy prices have become more volatile — especially during peak usage. In some regions, supplies are subject to seasonal price swings and fluctuations in power quality.

By Michael A. Devine, Caterpillar Inc., Mossville, IL
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