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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: DaveMG who wrote (196101)10/8/2002 11:43:21 AM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
<<Anybody here understand what's going on with the utilities?>>

Not completely. Some of the latest downturn is based on TXU's warning, to be sure. I think the larger issue is margin pressures due to rising fuel costs and rate pressures from states/regulatory agencies. And the "deregulated" utes are being pressured by derivative and accounting issues. It's funny, I was looking at PNW this am, now pays a 6.8% divi...but passed because the AZ corporation commission has been considering deregulation. At some point it'll be a buy, but I've gotta see that chart look better first.
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