Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (54282)	1/4/2001 10:19:21 PM
From: Spekulatius	Read Replies (2) of 436258

PG&E blowup - Again read a good article about the CA energy crisis. it included a chart with PG&E sell price( a flat line) versus the PG&E purchase price. The price PG&E has to pay went up about 10 fold and the negative margin was about 150%. No interest rate cu will fix that. A bankrupty would be the best resolution because the electricity generators would never collect the money that they do not deserve anyways. The article also mentions the "electricity bonds" that were issued about 18 month ago. After the bonds were issued, the electricity prices were reduced by 10%. I never understood how increasing the debt of an utility will reduce the electricity price and obviously it doesn't <g>. This electricity thing is the most inept attempt to liberalize a market that I have ever seen.

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