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Strategies & Market Trends : Group Therapy -- Ignore unavailable to you. Want to Upgrade?

To: E. Graphs who wrote (2940)	2/1/2001 5:56:00 PM
From: Duane L. Olson	Respond to of 4564

E! At least in Texas it isn't called "deregulation" when the bureaucrats tell businesses that they MUST serve all customers, and CANNOT raise their charged rates, no matter what their supplies cost..... but maybe that's considered sensible in California. I hope "Brother Joe" is correct -- that the taxpayers aren't going to pick up the "freebie" power that the Feds ordered delivered when nobody would supply a "deadbeat state" anymore. What's going to really get interesting is if the CA legislature doesn't pass something fast --- there are a lot of little co-generators in CA whose total contribution becomes significant. The big utilities haven't been paying them, and they have been supplying power, "betting on the come"... But now their own suppliers have given notice, and their supplies are getting cut... They'll be going off line wholesale before another week passes.... When that happens, and the Fed directives end....well, I think we may get some political conversions really fast after that..... Some politicians may even end up believing in free enterprise....NAH!! not THAT extreme.... <GG> tso