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

To: Patricia Trinchero who wrote (146813)	5/21/2001 2:11:20 PM
From: Gordon A. Langston	Read Replies (1) \| Respond to of 769670

The corporate behavior you mention is another issue. Their stockholders should be the ones irate over this. What if they had kept the money and could have paid for the energy? Then the stockholders would have sued them for fiscal negligence possibly. It wouldn't have looked good to be selling power for less than you paid for it. Face it, would you have stayed in business under those circumstances? If the utilities rolled the dice and accepted the rules without the ability to sign long-term contracts they were as foolish as the legislators but I guess they realized they could always shelter their profits and assets in other ways and did. Sometimes business is brutal and people get hurt especially under the markets that are undergoing dynamic change. I think they changed the rules on earthquake design while Diablo was being built to withstand a larger magnitude, thus the design changes and added costs. All things the Gov. is involved in end up costing more, maybe a Murphy's Law corollary. Good news. San Onofre #2 generator will be online in June. Bechtel workers are fixing a circuit breaker that caused a fire and shutdown in Feb. The generator provides power for 1 million homes (1.1 megawatts)