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To: Road Walker who wrote (131815)	4/7/2001 11:35:30 AM
From: Jim McMannis	Read Replies (2) \| Respond to of 186894

RE:"You didn't get a clue that there might be a problem when the lights started going out in California?" By then the stock had already tanked. Makes little sense to me that California would let their power companies go bankrupt. Any restructured company is going to have to raise rates anyway. PG&E owes the Bank of NY $2B alone. Wait until that and other loans start to reverberate. It's hard for me not to be bitter about the state of California. Their whole upper government should resign. Power bills should double until they build more power plants. Jim