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To: yard_man who wrote (51654)	12/27/2000 4:20:41 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

if they had truly deregulated the market, electricity prices would be so low as to not being worth the expense of billing anymore. no joke, Argentina made the electricity market completely free....and for several months electricity was given away for free, as the cost of billing wasn't worth it anymore. it's still the most deregulated, and cheapest electricity market in the whole world. piece-meal deregulation is statist hogwash that never works.

To: yard_man who wrote (51654)	12/27/2000 5:00:16 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 436258

Keep your eyes on the EIX ball, Tip. This is really gonna blow up into a MAJOR fiasco, and soon. The state will need to bail 'em out and that will trash their credit rating....mark my words. biz.yahoo.com The alternative would be for The People's Republic of California to let these doods go busto, then "nationalize" their operations (a very stupid thing to do obviously, but so be it). The correct response would be to IMMEDIATELY lift the cap on the retail power rates, to discourage electricity use and releive the cash flow crunch of the nonproducing utilities. Then allow them to pay more for power purchased from the out of state producers (who will sell elsewhere at the going rate if Cali doesn't meet/exceed existing offers). This problem ain't going away soon, and it will have profound implications on the credit markets, IMO.