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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: maverick61 who wrote (52030)	6/6/2001 12:09:23 PM
From: Joe Lyddon	Read Replies (4) \| Respond to of 57584

OT> Mav - I'm NOT attempting to BLAME any ONE entity for the problem! I have said it several times and I will say it again. . . read my lips. . . <g> Everyone is to blame, in some way, for the mess. . . BUT. . . B U T . . . THAT is NOT the POINT! The point is the SOLUTION. . . A solution is required. . . Apparently, you do not care about any real solution to the problem. . . It seems to me, that you're happy to remain on the BLAME thing. . . You say I'm trying to blame the Feds for it. . . I say NO. . . just PART of it. . . End of the BLAME subject! . . . please. Your solution is to let California get gouged with obscene energy pricing. . . without any alternative action(s). You would like to see California and it's major utility companies just disappear in a swallow of bankruptcy. Is that a solution you are happy with? Perhaps you don't think it will effect you if that happens. . . Perhaps that's why you don't care. . . WRONG. . . you WILL be effected. . . EVERYBODY in the NATION will be effected. A better solution must be attained. . . FOR THE SHORT-TERM to give California's plan a chance to work! I like the California Export Tax idea. . . Pass on the excessive energy costs (gouging results) to everyone East of California in the form of an Energy Tax for all Goods & Services that come from California, Oregon, & Washington. After all, if one can't pass-on to the consumers additional operating costs, why continue in business? As a result, the crooks could Price Gouge all they wanted and it wouldn't hurt at all. . . . . . it would only hurt the ones doing the gouging! A temporary sales tax could be used. . . but I think the consumer rate increases handles the local State's contribution. My comment on FERC. . . Which you requested. . . The utilities got hit with obscene charges for energy. . . The utilities wanted to raise their rates to their customers months ago in order to avert bankruptcy problems. . . Someone has to pay for it. . . right?! I'm more than willing to pay more for power. . . Now, the small part that FERC plays. . . They disallow it 100% . . . time goes by. . . Who's going to pay for it? The utility companies didn't plan on being gouged. . . PG&E declares bankruptcy. . . I guess that made a few people really happy! FERC finally has second thoughts and allows the utilities to raise their rates about 1/2 of what's really required to really do any good. . . They(we) still have to pay for all that power don't they? There are other things where the Fed has had their finger in the pot. If you can't come up with a viable SOLUTION, don't post it. . . This is NOT about placing Blame. . . This is about a solution! Thank you, Joe

To: maverick61 who wrote (52030)	6/6/2001 10:59:06 PM
From: rajaggs	Read Replies (1) \| Respond to of 57584

maverick, You are dead right on who is to blame for the California energy crunch. It's California and no one else. They are trying to blame anyone else but themselves but it won't wash. They haven't elected leaders, who would pass energy legislation that makes sense but in the meanwhile they have been boasting to all and sundry that they lead the world in IT and software but cannot pay their own power bill. False bravado and false pride always lead to a fall and they've had this one coming for a while. They played NIMBY for 10 years and didn't build a power plant, so why are they surprised now that they have a shortage of electricity.? What is more concerning is that they still do not seem to see any way out of their own mess and continue to blunder around looking for scapegoats. It won't work, everyone else has to pay for their energy consumption, so why not Californians.?? When they are prepared to pay the piper they can get back to calling the tune.! 'jaggs