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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Gordon A. Langston who wrote (132864)	3/22/2001 3:46:51 PM
From: Kevin Rose	Respond to of 769667

The problem with the small suppliers was not long term contracts. In fact, they were getting more than enough to make a profit. The problem was that the large power suppliers essentially drove PG&E and Edison into a no-cash position, forcing PG&E/Edison to withhold payments, and driving the smaller suppliers out of the market (which could then be further manipulated by the big boys). Great racket, eh? I'm suprised the mob hadn't thought of it earlier.

To: Gordon A. Langston who wrote (132864)	3/23/2001 10:54:56 PM
From: Little Joe	Read Replies (2) \| Respond to of 769667

Gordon: I have been following this argument about the CA power situation for a while but have not had much to say. I do have one observation. There are many and I have read but cannot refer you to the articles, who forsaw what is happening. It is the result of a number of different trends that have finally come together. I don't know that I can articulate all that I have read, but what is clear is the problem is caused by the confluence of the additional power demands generated by a growing economy, a growing population and and growing use of energy due to the fact that it was and is historically cheap. The resolution of the imbalance that has developed will require pain and permanently higher energy prices. This I think is inevitiable. At this point trying to place the blame is non productive. It is better to try to understand the nature of the problem and create the best environment to solve it. Little joe