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

To: Gordon A. Langston who wrote (585)	6/19/2001 4:47:49 PM
From: Don Knowlton	Read Replies (2) \| Respond to of 1715

If you believe the stock market is a short term predictor, the California electricity pricing situation may be stabilizing at a lower level for some time to come. Look at the charts on DYN, CPN, REI, and MIR. These guys are the major generators in the state. Their stock prices have dropped 25% to 35% in the last few months. Ergo, lower profits due to lower prices. The thing that is not obvious is whether the market was predicting price caps or lower pricing due to supply and demand!

To: Gordon A. Langston who wrote (585)	6/20/2001 3:03:57 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 1715

Hi Gordon, Tonight I met with a friend who is a fire suppression contractor to various government agencies, such as the forest service and BLM. I was taken aback once again by the idiocy of the contracts in California pegged to the costs of the least-efficient producer. This is definitely not the case in other government contracting. My friend is paid his agreed to hourly rate for his equipment and not the rate that the biggest ripoff artist is trying to stick to the agencies. I am astonished and appalled at the system that is being allowed to be perpetuated in California. To call it ludicrous is putting it mildly. A contractor should be paid what it is he agrees to sell his goods or services for and not a penny more. The most costly vendor is the first to lose business. This is only logical, in a normal world. What we have in California is an Alice-In-Wonderland market created by clever connivers who really love how they've been able to rig the system and how they have enough control of the strings (i.e. the utterly useless FERC) to keep screwin' the pooch in broad daylight. -Ray :(