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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (149628)2/7/2002 12:37:16 AM
From: yard_man   of 436258
 
DUK I can understand, but don't think I'd put FPL in the same class ... there was a mad scramble for assets the last couple of years and that may have been kind of artificial given what de(re)regulation of transmission did for the industry, but ENE was asset poor. Maybe it doesn't matter, if you overpay for assets and all the credit guys come in and try to get you to MTM, you are probably hosed. I sounded a cautionary note every time we added something that looked like it was excessive, but we never bought excess with the intent to market it (at least not much).
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