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Gold/Mining/Energy : Dynegy Inc.
DYN 17.77-2.7%Jan 9 9:30 AM EST
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To: Softechie who wrote (52)5/27/2002 12:11:49 AM
From: Raymond Duray   of 208
 
Thanks Softechie,

The WSJ article presents the usual boilerplate.

The good news for us concerning the local plant plan is that Wall Street is not going to look favorably at financing a plant with the current power surplus on the West Coast. Nor will it be inclined because of the implications for credit ratings. I see Aquila as trying to consolidate a lot of loose ends for a while, and not go on a construction spending spree.

BTW, one industry term for megawatt laundering is "bragawatts". These trader types really need re-education into some useful career. At present they are worse than useless. They're a parasitic monstrosity.
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