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Gold/Mining/Energy : CPN: Calpine Corporation

FRO 24.06

+1.7%

9:59 AM EST

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To: Daniel G. DeBusschere who wrote (56)	4/5/2001 11:24:01 AM
From: mingfatsai	Read Replies (1) of 555

Regarding a revenue tax, California is not exactly in a position to call the energy shots. They are hurting in a bad way due to their inept energy planning. None of the independent suppliers need to sell to California, they are being forced to in a sense. If California were to add some revenue tax, what's to stop the power suppliers from adding a surcharge to cover the tax? California is a beggar state when it comes to energy needs and beggars can't be choosers. If they antagonize the power suppliers, simple solution... keep California in the dark.

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