2000 Date-Change Problem: Scam, Hype, Hoax, Fraud Message Board

STOCKTALK

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 : 2000 Date-Change Problem: Scam, Hype, Hoax, Fraud

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sawtooth who wrote (1162)	1/23/1999 2:01:00 PM
From: Alastair McIntosh	Read Replies (1) of 1361

Canadain Utilities and Y2K Only two-thirds of Canada's electric utilities haves aa plan in place for the safe shutdown of generating plants if they are struck by the year 2000 computer glitch. But a report issued yesterday by the Canadian Electricity Association also says Canada's utilities have outpaced their U.S. counterparts in their level of preparedness and will be completely ready well ahead of the industry's self-imposed mid-1999 deadline. "The lights will stay on," said Francis Bradley, CEA vice-president. "Any problems that have been found thus far don't appear likely to threaten electricity supply to customers." The progress report says 100% of utilities have a year 2000 plan in place. Testing and fixing glitches has been completed by 60% of Canadian utilities, which is 16% higher than the North American average. The report said "operational preparedness" is not quite so far advanced, with 66% of utilities reporting they currently have a plan for safe shutdown of their power plants if a problem arises. Only 6% say they have tested and drilled their shutdown plans. But Mr. Bradley said all utilities are ahead of schedule. Most say they will be completely ready to deal with the problem by April, well ahead of their self-imposed deadline of June. Canadiana electric utilities are expected to spend about 300 million on fixing the problem. Ontario Hydro allocated $125-million and up to 620 people to its Y2K project. But Bill Imms, Hydro's year 2000 project manager, said fewer problems than expected are being found. The project will come in $25-million under budget and ahead of schedule. About 2% of Hydro's computers have Y2K problems, Mr. Imms said. "It's turning over rocks and looking for worms. We're finding problems, but not the real serious problems that could result in the lights going out." Some generating companies, such as Halifax-based Nova Scotia Power Inc. and Calgary-based TransAlta Corp, have actually set most of their computer clocks ahead to 2000 and left them there, tricking them into behaving as if Jan. 1, 2000 has already come and gone. "They continue to run as if it is post-2000," Mr. Bradley said. nationalpost.com Al

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next