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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Asymmetric who wrote (15132)2/17/2002 3:54:24 PM
From: Raymond Duray  Read Replies (1) of 74559
 
Hi Peter,

Re: May I Interject Something Here?

Not only may you, I highly encourage you to continue. The quality of your post is several cuts above the usual blather that passes for whizdumb around SI. Thanks very much for your well considered views. Of course, while I agree in the main, I would hope you would not take umbrage if I make some minor corrections to your history.

Importantly, when AB 1890 was being run through the sausage grinder in Sacratomato, TURN and every other consumer advocacy group was specifically excluded from every negotiating session that Rep. Steve Peace was leading as Chairman of the de-regulation committee. That is categorically true, and any indications that you have otherwise are either distortions or outright lies from the likes of Gary Ackerman and his fellow crooks at the WPTF:

Message 16101131

[[Aside: All of the points you raise have been discussed in great detail (some would say ad nauseum) on this thread:

Subject 50623 ]]

So, who was at the table when the California legislature finally signed AB 1890 well past mid-night one hot August night in 1996? Lawyers for the utilities, fighting for stranded costs, power marketers insisting that long term contracts were bad (bad for what they were totally deceptive about), a few log-rolling specialists and one very surprised Steve Peace who has lately been very angry about how he was duped by the industry.

But TURN didn't get a turn. You are wrong there.

I'd go on, but the short attention span crowd won't forgive me, and the really bright and interested contributors here will find the Cali Energy Crisis thread to be quite complete and quite well documented.

Cordially, Ray
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