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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (41383)	3/29/2001 12:46:07 AM
From: Ian McGuire	Read Replies (1) \| Respond to of 49816

got to admit, i do watch the "circus" with the morning sbux...laff like a fool for the most part..(but that is another unrelated problem..hehe)

To: 2MAR$ who wrote (41383)	3/29/2001 12:48:57 AM
From: Teri Garner	Read Replies (1) \| Respond to of 49816

California to run short on power cash Controller says state won't finance purchases in 18 months LOS ANGELES, March 28 - Despite this week's massive electricity rate hike and planned multi-billion bond issue, California will still run short of cash to finance its power purchases over the next 18 months, state Controller Kathleen Connell said Wednesday. CONNELL ESTIMATED IT will cost $26.8 billion to keep California's lights on through June 2002 as the state struggles to overcome the chaos wrought by its 1996 power deregulation effort and critically short regional power supplies. Even with $7 billion in revenues from this week's rate hike plus the $12.4 billion maximum anticipated from a power purchase bond issue, California will still end up with a $7.4 billion shortfall and a looming cash crunch, Connell said. msnbc.com