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Pastimes : The California Energy Crisis - Information & Forum -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (566)	6/16/2001 11:37:24 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 1715

Hi Hawkmoon, Obsidian Lighbulb! LOL! Thanks for that jewel. Re: Your statement - Do I really believe that's what's going on? About as much as I believe corporations willingly chose to bankrupt, and divest themselves of, assets made unprofitable by excessive regulatory control and union stranglehold over labor costs I'm wondering if you are familiar with the meeting that occurred in October, 1997 in Aspen, CO where a number of utility executives met with some Wall Street types in order to strategize the industry's response to A.B. 1890? I've read a bit about this, and have confirmation from two sources that this meeting actually occurred. One of the articles emphasized that an engineer/lower level manager from the distribution arm of PG&E attended and when he got back to San Francisco headquarters, he tried to warn his superiors that PG&E (T&D) was going to get crushed by the power marketers unless defenses were put in place. According to the article, this argument fell on deaf ears. The question in my mind, as a conspiracy theorist, would be whether the superiors were incompetent or cynical about the fate of the T&D business. I see that we might take opposing views of how asleep at the switch upper management really was. :) [[Note: I've tried to relocate that particular article without success this morning. You know how it is, hundreds of bookmarks and never the one you need......]] -Ray