Indigestion

摘要

All those new natural gas-fired electric plants mean more gas demand, right? Maybe not. For natural gas bulls, there was never a surer sign of good times to come than the order book at General Electric Corp. Backlogs in GE's Power Systems group almost tripled to $25 billion in the late 1990s as scores of utilities and freestanding power producers ordered natural gas turbines to supply the nation's growing appetite for electricity. Gas demand had to go up as all those shiny new turbines were connected to the grid.