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To: Ilaine who wrote (56977)	1/11/2001 12:59:08 PM
From: chic_hearne	Read Replies (1) \| Respond to of 436258

CB, I was in Cali for parts of the last 5 months and saw what was going on. These people need a dose of tough love. Cut power for 1 week and then go back to the negotiating tables. That's what I'd do. I'm amazed that the majority think the greedy NG companies are screwing the people over, even though they are about to go chapter 11. Do they think the NG companies are lying? Cali is a strange place, not a lot of common sense, most had the mentality of a turnip in my opinion.

To: Ilaine who wrote (56977)	1/11/2001 1:13:42 PM
From: patron_anejo_por_favor	Respond to of 436258

No way that works, Cobie. If retail power rates are fixed, then someone loses...be it the producers, the state, or EIX/PCG. Why? Because energy cost inputs are high and likely to rise (in the long run). Looks like smoke and mirrors to me...or else CPN, DYN, and REI will be oosiked relentlessly (and they have a lot of paper floating themselves).

To: Ilaine who wrote (56977)	1/11/2001 1:47:03 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

if they begin to regulate the wholesale price, supplies will simply dry up. why would an out-of-state wholesaler sell at a capped price? they'd have to be crazy to do that, so they won't. and 'expectations of a drop' in wholesale prices are merely the carrot they dangle in front of them...i'll believe that when i see it. why should prices drop? the supply/demand equation hasn't changed one iota. are the out-of-state generators involved in the negotiations, or is this done without asking them?