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To: sandeep who wrote (62359)	1/28/2001 1:19:07 AM
From: Mark Adams	Respond to of 436258

I'd complain, but even after the 20% increase due to higher NatGas costs for the local PUD, my per kwh rate is lower than that paid by CA users. So they do have a bitch, but that is another story. SEC Sees 'No Emergency' For Mutual Funds From Calif Woes "There is no emergency, because the amount of paper that's out there is very small," he said. By law, funds cannot concentrate investments in a single company or asset class, limiting the damage if a particular investment turns sour, he noted. In some cases, Roye said funds have taken steps to safeguard investors, by having the fund management buy the securities from shareholders, or arranging for letters of credit to protect investors from losses. Money-market mutual funds are especially sensitive to the issue, as they seek to preserve the fund's net asset value at $1 a share. Those that dip below that level are said to have "broken the buck." "So far we're not aware of any fund that's broken the buck" because of holdings in California utility debt, Roye commented. He declined to say whether any funds would have fallen below $1 a share if management hadn't taken steps to prevent that from occurring

To: sandeep who wrote (62359)	1/28/2001 1:20:36 AM
From: KeepItSimple	Respond to of 436258

Don't worry- the entire country will be paying for this mess eventually. Savings & Loan scams may have been centered on Texas, but everyone in the nation ended up monetizing the bad debt. Same thing. Since private insurance carriers refuse to sell Hurricane insurance to the dumbasses who build their houses 10 feet away from the Gulf and Carolina/Georgia coastlines, the federal government steps in and sells them insurance at hugely subsidised rates. Guess what? Every year a hurricane hits somewhere and the US Taxpayer pays the cost for all those idiots to rebuild on the water's edge. What a country! ------------------------------------ It is ridiculous that consumers in Arizona, Oregon and Washington are now paying higher than Californians for energy because the consumer prices are capped in CA but not in some of these states. Where is the outrage ? I think people in these states don't have a big voice because of CA's population size...

To: sandeep who wrote (62359)	1/28/2001 2:13:15 AM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 436258

You can add Idaho to that list. It was announced last week that our rates are shooting up also. They didn't say it was because of Calif. of course and blamed rising gas prices. This is a big joke of course because we get most of our power from hydro. Granted the snow pack is low this year so we might have problems this summer and have to resort to gas or coal. I know for a fact we ship power to Calif since a couple years ago we were knocked into the dark when a main line to Calif. went down and shorted out our grid for almost a full day and it took over a week to get back to full speed. Of course we have some of the cheapest power in teh country but it is the idea that gets me. As if I don't subsidize enough Californians through social programs now we are going to ship them power at a discount too? Good Luck, Lee