To: Fisherman1 who wrote (254 ) 7/12/1999 8:12:00 AM From: Fisherman1 Respond to of 542
From Flint Electric about Fuel Cells. by: Longnholding 440 of 440 I live in Middle Georgia, and have been a fortunate and happy MKTY investor since the dark ages of $8/share (a whole six months ago). The monthly newsletter from FLINT electric cooperatives headlined an article which should interest MKTY holders who have been wondering who will sell, and who will buy fuel cells. I've excerpted the article, headlined: "First Agreement With Electric Cooperative in the U.S. - G.E. Fuel Cell Systems Makes Flint Energies Exclusive Distributor for Fuel Cells in Majority of Georgia Counties" "Flint Energies has signed a Memorandum of Understanding with GE Fuel Cell Systems to be it's exclusive distributor for residential fuel cell systems in 100 Georgia counties. The agreement covers a residential fuel cell system that produces more than enough power to meet energy needs of an average-sized home by consuming natural gas or propane. Once fuel cells become commercially available, Flint Energies will market, sell, install and service residential fuel cells. Field-testing begins later this year and continues through year 2000. GE Fuel Cell Systems expects to offer commercial units beginning January 2001..." The article has the usual environmental talk, and then continues: "Fuel cells are ideal for three distinct markets... One, it is the perfect environment or 'green power' source... Two, our fuel cell customer's homes will no longer be connected to any utility grid... neither to a cooperative like Flint Energies, nor to a municipal grid, nor an investor-owned utility... Fuel cells provide freedom from grid-related power outages... And three, for new homes located so far from our current electric lines that line extensions become uneconomical, fuel cells become the best alternative energy source for anyone who wants to build that special home off the beaten path..." So the answer to who will sell and buy fuel cells is: The existing power companies, and their customers. Needless to say, this was the best I've felt about getting my electric bill in some time. I'm really feeling good about my investment just now.