After the emergency construction of fuel cell production lines, the fuel cell production line has now grown to eight, with an annual production capacity of 300,000 fuel cell stacks.

Prager Energy built almost 400 megawatts of fuel cell power plants last month, and almost 600 megawatts this month, while thousands of companies have purchased 1 megawatt of small fuel cell power plants, while Pioneer Energy Group supplied almost 50,000 10-kilowatt home fuel cell systems last month.

That's almost 1,450 megawatts of installed capacity, which is equivalent to the construction of at least three medium- and large-scale power stations of 500 megawatts in California in just over a month, which is a very impressive rate.

The fuel cell power stations supplied by Prager Energy to these thousands of companies sold more than $400,000 each, earning nearly $500 million in just one month, all in cash, and the supply exceeded demand, and the number of orders was lined up for a few months.

The price of a 10-kilowatt home fuel cell power system is $5,000, and the Pioneer Energy Group has been robbed of it as soon as it was launched, and the price has risen to more than $5,500 due to production capacity and short supply.

Pioneer Energy Group's home fuel cell power system sales customers are the wealthy and middle-class, and these customers can get a complete $5,000 product, and the company has made tens of millions of dollars in installation fees alone.

Pioneer Energy Group's own power plants, plus the electricity supplied by the Prager fuel cell power plant, lost just $200 million last month on the purchase price.

At the current pace of construction of Prager Energy's fuel cell power plants and the rollout of home fuel cell power systems, Pioneer Energy Group will be profitable by next month.

Davis used California's reserves to sponsor San Diego Power to tide over the storm and raised the price of electricity to 14 cents per kilowatt-hour, and many Californians marched at the instigation of some organizations, and many citizens shouted "To hell with high electricity prices!"

California had to send in a large number of police officers to keep the law and order, but fortunately there was no bloodshed.

Davis was under a lot of pressure and determined to promote fuel cell products, so he had this trip – he wanted to solve the power crisis within this month.

After hearing Yang Jie's promise to supply at least 2 gigawatts of fuel cell products next month, Davis also promised that the California state will provide various preferential policies to Pioneer Energy Group and Prager Energy.

Just last month, Davis met with President Clinton, and instead of convincing him to absorb a cap on wholesale electricity prices and ease California's restrictions on electricity tariffs, he then gave a speech in Sacramento, placing the blame for the power crisis on the federal government's protection of energy companies like Enron, and said that if the Federal Energy Regulatory Commission did not respond positively to his request to limit the wholesale price of electricity within two months, he would take the commission to court.

For the past six months, these independent power producers in California have charged California an extra $6 billion in electricity bills, and the state has used more than $4 billion in taxes to purchase electricity to keep San Diego Power from bankruptcy, and has also approved the issuance of nearly $10 billion in electricity bonds and plans to build more fuel cell power plants.

However, the ultimate foothold of this plan is to fall on the production capacity of the fuel cell production line of Huaxing Group.

Although Weide Group Company and two other fuel cell companies also found Davis, but the products of these companies are too expensive, and the cost of one megawatt of fuel cell products produced by Weide Company now exceeds 1.5 million US dollars, and the price is nearly 1.9 million US dollars!

Davis did not refuse to refuse the company's preparations for building a 50-megawatt fuel cell power plant in California with an investment of $80 million, but he was not optimistic about it at all.

In the evening, Yang Jie also had a conversation with Andy Marsch, Jonathan Blair and others in the hotel room.

"Boss, Enron has approached several media outlets to slander the safety of our fuel cell products, and the Enron group has lobbied many states to boycott our products. ”

Andy Marsch said.

"It's not surprising," Yang Jie had long expected and was not surprised, "Our focus now is on how to help Governor Davis solve the power crisis in California, and then slowly expand to other states, with good product skills and no worries about no buyers." ”

Andy Marsch and Jonathan Blair both nodded.

"In addition, we can't just make some passive response to the attack of Enron Group, we have to take the initiative. Yang Jie said with a cold light in his eyes.

"Boss, what do you mean?" asked Jonathan Blair.

"Enron's control of electricity prices this time, the energy crisis in California has reached a peak of anger among more than 40 million people and officials such as Governor Davis in California for more than half a year, and now it only takes a little spark to ignite this explosive keg. ”

In Yang Jie's memory of his previous life, the Enron group company went bankrupt in 01, although he did not know the real internal reasons, but now the Enron group company has become the biggest stumbling block for him to enter the U.S. energy market, and he has to start studying the energy giant very seriously during this time.

Over the past two years or so, the research center has recruited some top talents from investment institutions in Europe and the United States, and has cooperated with some investment consulting companies in the United States to obtain a large number of intelligence materials of domestic companies in the United States.

According to the analysis report provided by the research center, after entering the 90s, Enron evolved from a pipeline company to a trading company, and in the mid-to-late 90s, its tentacles expanded from operating gas and electricity, to water, coal, optical fiber production, scene products and message paper production, and even to real estate trading, and in previous years, Enron established an online e-commerce platform Enron Online, becoming one of the largest B2B e-commerce platforms in the world.

As of last month, the e-commerce platform, which trades natural gas, electricity, plumbing, paper, metals and more, peaked at $90 per share.

However, through careful study, most of the Enron Group's business is not profitable, especially in recent years of business expansion, Enron Group's debt has barely reached more than 30 billion US dollars, but these debts are not reflected in the financial statements.

The research center had ample reason to conclude that many of the profits reflected in Enron's statements were inflated, or even fabricated out of thin air, and that the company had left unprofitable portions off the balance sheet through a dizzying series of financial-related transactions, and that even most of the middle and lower-level employees of the Enron group had been blinded by the company's financial situation and completely kept in the dark by the company's top management.

Now, with the collapse of the Nasdaq index, Enron's broadband business has suffered serious losses due to its huge cost, and the broadband business of Enron Group has lost more than $100 million this month, and analysts have begun to believe that Enron's broadband part has lost the possibility of going public.

Enron has borrowed from Merrill Lynch, JPMorgan Chase, Citibank, Duke, Milent, Dinotchy, Deutsche Bank, three Japanese banks, and even two banks, including Huaxia, which add up to more than $10 billion.

If we add in the debts of Enron's group business expansion and mergers and acquisitions of other companies over the years, the total debt amount is as high as $30 billion, and many businesses are in the red.

What Enron can do now is to raise its share price as much as possible, so that a large number of investors will have confidence in the company and buy the company's shares.

Just as the Nasdaq stock market index plummeted this month, Enron released its financial statements for the third quarter: the company's natural gas business grew threefold, and the company's energy services company's retail business tripled, marking 21 consecutive fiscal quarters of earnings growth......

Reborn University Tyrant Latest Chapter 461 The Details of Enron Group!