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Gold/Mining/Energy : CPN: Calpine Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Daniel G. DeBusschere who wrote (56)	4/5/2001 3:29:53 AM
From: Daniel G. DeBusschere	Respond to of 555

More news from The Sacramento Bee- Gov. Davis open to tax on electric generators' profits Updated: April 4, 2001 - 5:52 p.m. Gov. Gray Davis says he is open to supporting a windfall-profits tax being proposed by lawmakers on electric generators that have made a fortune selling power to California this year. sacbee.com California 'at war' with power sellers, top regulator says Updated: April 4, 2001 - 9:28 p.m. LOS ANGELES -- Using her strongest language since the power crisis began, the state's top utilities regulator lashed out at electricity producers Wednesday, saying California is "at war" with its power suppliers. "What California is in, is a war against sellers, who are taking so much value out of the California economy," said Loretta Lynch, chairwoman of the state Public Utilities Commission. sacbee.com

To: Daniel G. DeBusschere who wrote (56)	4/5/2001 11:24:01 AM
From: mingfatsai	Read Replies (1) \| Respond to of 555

Regarding a revenue tax, California is not exactly in a position to call the energy shots. They are hurting in a bad way due to their inept energy planning. None of the independent suppliers need to sell to California, they are being forced to in a sense. If California were to add some revenue tax, what's to stop the power suppliers from adding a surcharge to cover the tax? California is a beggar state when it comes to energy needs and beggars can't be choosers. If they antagonize the power suppliers, simple solution... keep California in the dark.