There is loss through resistance but, I don't see that as being a hugh factor. We already sell power to California. California buys a block of electricity every year depending on what they see their potentual needs as for that given year. Long heat waves like this year will put them over the limit and force them to buy their extra need at inflated market prices. Right now if you looked at any of our(B.C.) transmission lines that feed the American grid you would see them sagging at least twenty extra feet in the afternoon as compared to the morning. This is because of the extra load on the lines. The friction creates heat which causes expansion.
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