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To: Jack T. Pearson who wrote (40229)	1/7/2001 5:14:10 PM
From: Sherman Chen	Read Replies (1) \| Respond to of 42787

California utilities were recently granted permission to enter into long-term contracts again, but it's too little too late. In the meantime, the 10% rate increase which the CPUC just granted will only delay bankruptcy by weeks if not days. Something else is going to have to happen, maybe the state will use some of its budget surplus to bail out the utilities, or will float more bonds and charge ratepayers as a surcharge on their electric bill to help the utilities (same effect as a larger rate increase). In the long run, much more generation has to be built in the area, and California is probably the most difficult place to make that happen for reasons you cited.

To: Jack T. Pearson who wrote (40229)	1/7/2001 9:37:11 PM
From: sam_o	Read Replies (2) \| Respond to of 42787

Hi Jack> I don't know if you are intimately involved with the electric supply industry.... But, I do know one thing... Edison has consisatantly refused to pay windmill owners any more than 5(five cents) a kwh in the last several months.. in fact they lowered their offer.... Now please explain this to me. Windmill owners cannot sell there generation, and Edison is crying... ;) I personally feel this is manipulation..pure and simple along with poor management for years.... It's time for BIG poorly managed Utilities to go BK, and let a well managed one take over. Sell EIX short.