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Pastimes : The California Energy Crisis - Information & Forum
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To: Hawkmoon who wrote (477)6/12/2001 11:53:17 PM
From: Raymond Duray  Read Replies (1) of 1715
 
Hawkmoon,

You say: Were the utilities, a relatively low profit business, so guilty of "collusion", you'd wouldn't have several of them either in bankruptcy, or teetering on the verge of such.

My friend, I believe you really need to study up a bit. The parent companies, PG&E and Edison International are in no danger of going BK. What this maneuver is all about is dumping the distribution system on the state. The parent companies will prosper even more when they get rid of 1) the most regulated, 2) the most unionized and 3) the lowest growth aspect of their business. Don't you see the endgame? No utility company is going BK, only select divisions that were a nuisance to the executives.

-Ray
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