PCG: PG&E Corporation Message Board

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Gold/Mining/Energy : PCG: PG&E Corporation

PCG 15.96

+0.4%

Oct 31 9:30 AM EST

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To: james-rockford who wrote (1)	1/4/2001 7:21:14 PM
From: Curtis Frazier	Read Replies (1) of 25

I'm on the east coast, but let us think about this company for a minute. Do you really think the US government would let a public utility go under? Hmm, remember Chrysler and the government??? I'm thinking this will be a home run hit for those astute enough to recognize what is going on. Do you think Mr. President elect George Bush will let a public utility (energy) company go under? I don't think so. I was waiting for the bottom to fall out, now I'm waiting on a few decisions to be made by the CA PUG. I think it may have a little more to go and then, I plan on being all up in that stock. It should make for an easy 50% pop maybe even much more. This just in. Looks like PCG and EIX just got a free ride on the taxpayers. Check this: "If the utilities default, the state would be responsible for paying off the bonds. Consumer activists said the bond proposal is nothing more than a new way to bail out the cash-strapped utilities. "This just shifts the responsibility from ratepayers to taxpayers," said Harry Snyder, senior advocate for Consumers Union in San Francisco. " Reference: sfgate.com

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