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Politics : High Tolerance Plasticity

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To: jim_p who wrote (18647)1/23/2003 10:17:07 AM
From: Sharp_End_Of_Drill  Read Replies (2) of 23153
 
Jim, I think it's a foregone conclusion that EP was a big part of scheming to rip off California - in both gas pipeline capacity and electric trading.

Although I believe California is to blame for the self-inflicted problems, that doesn't appear to be how today's legal system works.

That is probably going to become a non-factor soon enough when they reach a settlement - which I don't expect to be a company buster. They've also got the liability out there for burning up that family when their pipeline ruptured, the initial judgement could be astronomical on that one - but with appeals, etc. the end results will probably be manageable and payable a few years down the road.

What else is there? Pension fund? Oscar Wyatt wanting his quart of blood? Whistleblowers?

While not for the meek or risk averse, I don't see EP at $9 as a bad deal.

Sharp
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