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Technology Stocks : Germany : elections, EuroDollar, Y2k

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To: John Mansfield who wrote (13)9/27/1998 5:37:00 PM
From: John Mansfield  Read Replies (1) of 44
 
'More info on Europe please

asked in the Electric Utilities and Y2K Q&A Forum

Firstly thank you for such high quality information. I live in Spain and have difficulties getting any local
information regarding power utilities here. Aceranox is just 20 minutes away from my house - there
was a nuclear leak there 2 months ago that they tried to cover up - and is situated within a mile of an
oil refinery. I feel very vulnerable and would like suggestions and any URLs regarding Spain's Y2K
plans.

Asked by Antony Sharman (sharcoe@computronx.com) on September 08, 1998.

Answers

The three major power utilities in Spain (Endesa S.A, Union Fenosa, Iberdrola) have no Y2k
information on their websites. As you know Spain's electric industry has been thrown open to
competition and all these utilities are busy selling or consolidating their aging assets. It's better to
address your question to the electric regulatory commission in Spain for any progress in Y2k
remediation. Also the power grid of Europe is highly interconnected and very interdependent and all
European utilities are supposed to tackle Y2k on a high priority. I guess utilities will be cracking on
how to trade power across boundaries with the introduction of Euro currency next year.

Answered by V Rajsekar (rajsekar@compuserve.com) on September 10, 1998.

greenspun.com
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