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Pastimes : The California Energy Crisis - Information & Forum
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To: Gordon A. Langston who wrote (585)6/19/2001 4:47:49 PM
From: Don Knowlton  Read Replies (2) of 1715
 
If you believe the stock market is a short term predictor, the California electricity pricing situation may be stabilizing at a lower level for some time to come. Look at the charts on DYN, CPN, REI, and MIR. These guys are the major generators in the state. Their stock prices have dropped 25% to 35% in the last few months. Ergo, lower profits due to lower prices.

The thing that is not obvious is whether the market was predicting price caps or lower pricing due to supply and demand!
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