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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here -- Ignore unavailable to you. Want to Upgrade?

To: Crossy who wrote (11470)	6/19/2001 11:37:49 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 12823

OT - Redirect to California Energy Crisis Thread Hi Crossy, I have written extensively on the California situation. If the subject matter interests you further, I recommend this thread: Subject 50623 Contributors who would see the issues your way would be GV Tucker (worth getting to know, IMO) and Hawkmoon. A few others come and go. My views are quite different from yours. For instance, as regards distributed power, I'm a huge fan. This will increase the reliability of the system dramatically and if it were allowed by statute, greatly reduce the "market power" of the gougers. Central plants and long distribution lines were the brainchild of the IOUs, the Investor Owned Utilities, as a way of cutting the nuts off the competition. They continue today, through legislation, A.B. 1890 strictly prohibits co-generators from using the grid. This is a pure grab for monopoly power by the utilities. Co-gen makes imminently good sense. But it is not permitted. The shameful treatment of the QFs, the Qualifying Facilities, is yet another example of how the big manipulators are using their muscle to chop out small competitors. So, you may think centralized power is good. I think it is terrible. Because it leads to situations where amoral, unethical and devious traders can jack the price of a Mwh up from $20 to $5,000 and get away with it! This system is out of control. Nuf sed, don't get me started cause I get mad thinking about how many victims had to be created in order to pay Ken Lay*'s $123 Million stock option bonus last year. Best, Ray *CEO - Enron, a big contributor to the Bush-Cheney team. He's reaping at least an order of magnitude more than 100:1 on his investment there, my usual standard for when bribes really start to stink. :(