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Biotech / Medical : Catalytica Energy Systems, Inc. (CESI)
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To: Skywatcher who wrote (1084)3/4/1998 6:27:00 PM
From: James Perry  Read Replies (1) of 1514
 
Don't think it affects Ctal. Did you see the current issue of Forbes, and of the Economist? Both are high on the fact that with deregulation of electric utilities, it is now possible to generate your own current cheaper than it can be bought, using small turbines. A part of that, of course, is attributable to taxes which one has no reason to pay on current made for one's own use, while still more relates to the large sums spent in the past for nukes, for which customers are being required to continue payments. It was stupid money, but it was spent, back when every utility CEO had to have a nuke so that he could park his jet alongside. Well, customers are now more interested in walking away than to continue to bail out investors in those :-( assets. That happens to be the reason Enron bought into the Ctal subsidiary that controls pollution. There is a hugh potential out there for Ctal. Aside from making pills. And there probably is some for Enron, too.
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