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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: jim_p who wrote (17982)	2/8/2003 3:05:04 PM
From: CpsOmis	Read Replies (1) of 206184

I'm a bit surprised there haven't been too many comments on Feinstein making a call to pull RRI's energy trading license by the FERC. The comments on the timing...just before a deadline for refi and one of the banks being in her home district..perhaps allowing them to justify a higher interest rate are intriguing. BUT... bottom line... is this a trial balloon, serious or just so much political bull hockey? Cynically, is she throwing out the anger and indignation routine knowing a Bush FERC isn't going to do anything so she can blame the Republicans? Or is she justifiably p.o.'d and going for the jugular? Why, in fact did Reliant shut down the power? Becuase they weren't getting paid, or to actually jack up prices? I can't seem to remember, but I can't imagine a business doing that without some kind of justification. Jacking up prices sounds to me like an angry liberal democrat hate the rich republicans line of crabola. It seems incredibly self defeating.... the real question, again, is whey did they shut down there plants at that particular time? Are they trying to say they were doing "planned maintenance"? Or? Anyone know or remember? Cosmo

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