Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Think4Yourself who wrote (85853)	2/1/2001 8:15:49 AM
From: Second_Titan	Read Replies (1) of 95453

OT EIX & PCG Let em Hang out to dry! I hope these dodo's in CA. dont get their own interests confused with those of EIX & PCG. These two entities made thier choices in CA and gambled incorrectly. While thier regulated businesses were crumbling they we throwing money at assets around the globe, EIX more so than PCG who I believe concentrated more in the USA. They took allot of money out of CA through dividends and neglected the source of these dividends. Granted if they paid more attention to the disaster looming over the horizon, the State may still not have acted accordingly. But we will never know. So IMO the State has to look out for #1 first and foremost and if this helps out EIX & PCG a bit so be it. But they should let EIX & PCG bondholders and shareholders bear as much pain as they can tolerate without going belly up. How to do this is another question.

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