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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Terry Whitman who wrote (2699)8/24/2000 2:44:05 PM
From: Chip McVickar  Read Replies (1) of 33421
 
Yup...!

The entire utilities sector has changed substantially over the last 5-8 years as regulatory processes have changed the environment. Both in the telecom world and the electric generation and distributing world. Just take an example of Montana Power who were required to break up their monopoly and reorganize the power generation-distribution and telecommunications services. They now find themselves a provider of Internet services and are laying fiber optic cable.
Enron and Duke Energy are other examples.

Traditional Utility Mutual funds abandoned the electric producers and distributors some years ago and loaded up on telecom utilities which change the mixture from "defensive to offensive." There are very few funds who remain pure electric power plays.

Now the deregulation of California's electric companies is another case in point. They have been placed under investigation by the Federal government for price fixing charges and manipulation of the markets. They were the first to be let out of the cage. As we know.., effective, large powerful private sector conglomerates, (example: retail and food providing companies...remember cornflakes, are very good at controlling the market place..., electricity as a growth based non controlled
industry will surely follow the same time honored practices, under the disguise of free market supply and demand.

Yes, it is a growth area with some historically conservative supply and demand underpinnings.

Chip
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