SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Year 2000 (Y2K) Embedded Systems and Utilities
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Mansfield who wrote (33)7/24/1998 6:38:00 PM
From: John Mansfield  Read Replies (3) of 89
 
'Deregulation and Y2k

asked in the Electric Utilities and Y2K Q&A Forum

This question is for Rick Cowles. By the way how are you enjoying your new relationship with
TAVA/R.W. Beck. I saw the good news about Africa, congrats.

OK, here is the question. I read an article (http://www.pilotonline.com/business/bz0713eyk.html) on
Y2k and in it a representative of Virginia Power was discussing the Y2k issue. They mentioned that
they have been working on the problem for some time and expect to spend '$100 to $150 million' on
the problem, but they also say they expect to spend half that if the sale of East Midlands Electric goes
through. What concerns me is that this statement says that if a utility sells (or plans on selling) a
generation plant (or any other division) between now and 2000 they will not worry about Y2k for that
plant. I have attended several presentations by a large utility and when questioned about this we got the
usuall sidestep answer (these guys are as slippery as politians). With deregulation of the industry there is
alot of jockying to get out of the generaton business by most large utilities, is this an area were
something can and/or will fall through the cracks? Also, in your testamonies and contacts in the industry
has this topic been addressed?

Thanks in advance and happy bug hunting.

Asked by M. Perelstein (mperels@ms.com) on July 23, 1998.

Answers

I wrote a Westergaard column back in December of 1997 regarding this topic. You can find it at:

Fire Sales - Avoiding the Y2k Problem

Thanks for the TAVA/R.W. Beck good wishes - it's been a very interesting experience, and promises
to get even more interesting in the next few months.

Answered by Rick Cowles (rcowles@waterw.com) on July 24, 1998.

Contribute an answer to "Deregulation and Y2k"

rcowles@waterw.com

greenspun.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News