Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (41137)	11/7/2003 8:15:38 PM
From: Mark Adams	Read Replies (1) of 74559

ELP produces some power, I think, but they are only partially privatized? 60% owned by the Govt? The Govt sets the pricing they can charge, but somehow they got in a crunch by contracting to buy power at higher rates than the can charge from the likes of El Paso? It was rather confusing for me, but maybe I didn't try hard enough to understand. I wonder if I need to get used to having govts as partners. That seems to be the model in many markets- ala STO and NHY.

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