Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Mike McFarland who wrote (14090)	2/14/1998 11:59:00 PM
From: yard_man	Read Replies (1) of 94695

This may not be a bad idea -- as long as its not all of your "cash" funds since there is some risk (very small). Something I'm precluded from doing as I regulate utilities for a living -- but here's my take on regulation -- these guys get way with murder and then some -- no state PUCs hold their feet to the fire. As a result they are money making machines -- they do better than simply passing along increased costs to customers -- I believe they actually profit quite a bit more when the gas prices rise! Most of them have so-called adjustment clauses which guarantee them recovery and if that weren't bad enough (good for the investor) many of them have something called "weather normalization clauses" or budget billing programs which at the very least, give them temporary free use of customers funds for financing purposes. B(Hey)WDIK I just try to get every piece of info about them that I can in my own state when they ask for a rate increase. These guys have more ways to hide money than Bill Clinton! Also, one basic thing. Higher gas prices usually come from colder weather which means higher volumes sold as well.

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