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To: energyplay who wrote (81651)12/14/2000 12:37:10 AM
From: isopatch  Read Replies (2) | Respond to of 95453
 
CA Pwr co commercial paper or bond defaults could start a panic.

I'll bet the Fed is on the phones OR soon will be to put together a rescue package with major financial institutions for key CA utilities ala the LTC bailout.

May be a week or 3 before it surfaces, but bet it will happen. This is a much bigger risk to the financial system than most realize at this point.

Iso



To: energyplay who wrote (81651)12/14/2000 8:40:47 AM
From: Think4Yourself  Respond to of 95453
 
"It appears that PG& E is 8 Billion in the hole and sinking fast."

SCE is also 4.5 bil in the hole and on the verge of bankruptcy if they cannot obtain the 1 billion in loans they are seeking. It doesn't look good.


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