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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (58737)	1/17/2001 3:07:05 PM
From: flatsville	Read Replies (1) \| Respond to of 436258

What is overlooked, is that long term contracts at 5.5 cents to buy power that costs 15 cents to generate aren't going to fly. NatGas isn't going back to $2.5/mcf next summer, and I doubt it will ever go back to those levels. I agree. This isn't the solution to the problem as it stands now. I don't have one that essentially leaves the "dereg" legislation in tact as passed. It was grievously flawed. They need to kill it and move on under the old regulated market ASAP while attempting to clean-up the debt mess. Enough pain in the way of rolling brown-outs and CA users/consumers might conceed.