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Strategies & Market Trends : ahhaha's ahs

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To: Ahda who wrote (1635)3/20/2001 3:08:16 PM
From: AhdaRead Replies (1) of 24758
 
The bonds will be spent before they are sold at this rate. Ca could be in trouble folks some one is going to have to fend up with cash for the state.

State lawmakers have been wrestling with various fixes, including the planned sale of $10 billion in bonds to buy electricity, the potential purchase of the utilities' power transmission systems, expensive conservation programs, and expedited power plant construction. Most of these potential solutions have yet to be enacted.
Throughout the crisis, Davis has been unremittingly optimistic, talking about steps he is taking to encourage conservation and get more power plants built by summer. And he has embarked on a costly program to keep the lights burning, at a rate of about $50 million a day or more than $2.7 billion so far.
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