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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (61488)1/26/2001 5:13:49 PM
From: TimF  Read Replies (1) of 436258
 
just look at California, there you have it. EIX and PCG have been defaulting on their commercial paper, and instead of bankruptcy, we get intervention by the state.

True but it was clumsy intervention by the state (deregulating the prices the utilities pay while keeping a limit on the prices the cutomers pay) that got the utilities in CA in trouble in the first place.

Tim
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