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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: cnyndwllr who wrote (1061)	3/6/2001 10:16:08 PM
From: Second_Titan	Read Replies (2) \| Respond to of 23153

Calif ISO: Qualifying Facils Capable Of 1,800 MW Off-Line Dow Jones Newswires NEW YORK -- Small, independent power plants in California that are capable of generating 1,800 megawatts of power are shut down because their owners haven't been paid by the state's two main utilities, the California Independent System Operator said Tuesday. The decline in small-plant output has contributed to the state's power-supply problems the past two months. Partnerships involving El Paso Corp. (EPG), for example, shut down 350-MW of generation this weekend due to nonpayment, the company said Tuesday. Edison International's (EIX) Southern California Edison hasn't paid the owners of the smaller generators, known as "qualifying facilities," since early December, which means the generators are still owed for electric production in October. PG&E Corp. (PCG) has paid only a small percentage of its qualifying facility bills since its last full payment in early January. Almost all of the closed generators are fueled by natural gas. Many of the companies haven't been able to pay their gas suppliers and have been cut off from their gas supply. The California Senate Energy Committee plans to vote on legislation to create a new pricing system for all qualifying facilities this week. The plants, one-third of which are powered by renewable sources like wind and solar power, meet almost 30% of California's electricity needs. The proposed bill would cut the prices to qualifying facilities from about 17 cents a kilowatt-hour the past eight months to about 8 cents/kwh, depending on the price of five-year natural gas contracts the generators can sign. The plants that run on renewable resources would be paid 5.37 cents/kwh. In addition, the utilities would continue to pay qualifying facility owners for some of their fixed costs. The bill, if enacted, would also require the utilities to pay all past-due bills by June 1. To take effect immediately as an emergency act, the bill requires approval by two-thirds of both the state's Senate and Assembly. If the bill is passed, a process for quickly determining the five-year gas price would begin. PG&E and Sempra Energy's (SRE) San Diego Gas & Electric support the bill, while Southern California Edison opposes it, said sources with the utilities and qualifying facility companies.

To: cnyndwllr who wrote (1061)	3/6/2001 10:49:28 PM
From: Gottfried	Respond to of 23153

Ed, thanks for your thoughts. On the other hand, contrarian David Dreman talks about nibbling on tech values, also in Forbes forbes.com It used to be the other way around between Dreman and Fisher. I'm seriously bothered by this. Gottfried

To: cnyndwllr who wrote (1061)	3/7/2001 12:31:28 AM
From: Don England	Read Replies (4) \| Respond to of 23153

ed, oozing? god, makes me sound like an open wound... or maybe a heart-on-my-sleeve democrat. (ed, my questions are serious. what does happen to au in deflation? i can't help if it you'all are to ignorant to know the answer) it's nice to see the lite bulb going off in gotfried's brain, but fisher's news isn't news. i have been saying rally's-a-comin' for about a week or ten days now - with proper qualifications. tomorrow will tell in some degree. how long has it been since the naz was up 3 days running? selling in the last hour today was quite contained. had the odd feeling this a.m. that it was gonna be like last year: sell all at the open and buy back around noon. i didn't, but it was. i feel like part of a great plot to rob the innocent. my take: momos, including us, are now running the naz up, getting braver and stronger as we go. at some point regular folk decide their salvation is at hand and join in. then we see the sucker take off. can go, my prediction, to 3k+ on this run. not for any good reason, mind you, unless you believe in those sheep. (did i mention that a year ago this time i did have my head in the fence, and there weren't no ky jelly avail. - thot i was back in the big house) so, these poor folk start moving money in from the m.m. accts. to catch the new bull mkt. and just about that time we all bail. ouch! a twinge in anyone's conscience? naw. didn't think so. BUT, whatever happens to this little run - be out of the mkt. by june! so sayeth don hays, whom i do trust more and more. i am presently: 67% begbx 21% tech 9% energy 2% cash i say this to show that even tho i am convinced of this rally i am very conservatively invested. i have been stopped out of txn, fcs, csco, and nok, all at a decent profit (this thread has gotten me back on track with trailing stops and i thank thee - used to hang out with mtg. house quakers) only one i was able to take back under my stop was nok. have also thrown some mad-money at sebl today. anyone else? none of my equity positions are over 4% of my total, and that is idti which went to 50+ in jan. and can do it again. yeehaw! for laughs i will tell you what i am in: adct, borl, chk, cs, fdry, fgh- yikes!, gw, gx, idti, loily, nok, pgo, pkd, rfmd, saws, stec. this is certainly not a recommend list! i am just flopping and stopping in the high lonesome. don p.s. the evening libation is rum - not wine! just went to palomas, mx. to pickup 10 months supply of scrips ($500 vs. $2500 at wally-world, and 2 liters of bacardi) may not be the best of times, but it ain't bad. anybody want to live in stitzel canyon all summer rent free? glad to talk it over. the 'yotes are out in force tonite and hannah the hound is frantic. full moon's a-comin', and by god there ain't nothin' like the hi desert and a full moon on a summer's noc.