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To: Starlight who wrote (12958)	7/16/2000 4:49:46 PM
From: Starlight	Respond to of 60323

Didn't get to finish my last post a few min. ago as I was interrupted. A point that I wanted to make is that as California power bills to residents go up, there is going to be less discretionary income to spend. If you had to decide on whether to pay your electric bill - which might be $100 higher than last month's - or buy an "entertainment item", such as a CF card to store digital photos - I'd imagine you'd pay the electric bill. We aren't going to see any noticeable effect of higher electric bills right away, but there's bound to be a "trickle down" effect. Also, remember that California has some of the highest real estate prices in the nation, and just owning a home here takes a huge chunk of a person's income. Higher electric bills aren't going to make it easier to buy. I think a lot of discretionary income has been "earmarked" for some time to come. Our paper today has the electric bill situation as the front page lead, and there's one whole section of the paper devoted to this. (If you go to the site I referenced, look at the INSIGHT section.) Betty P.S. Look at amdax.com -- a website devoted to power trading.