PCG: PG&E Corporation Message Board

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

PCG 15.93

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9:30 AM EST

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To: Sampat Saraf who wrote (12)	1/22/2001 12:17:16 PM
From: Bnad	of 25

Wall Street Journal, 1/22/01: California's Assembly Speaker is proposing having the state sell bonds to raise cash for the utilities (to be repaid by ratepayers over 10 years), and making a state agency the state's "default provider," releasing the utilities from their requirement to buy power on the open market. In return, the two biggest utilities, PG&E and Southern Cal Edison, would give the state $5 billion in Sierra Nevada hydroelectric generating systems, water rights, and land. Wonder if this is a good deal for the utilities? Brad

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