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

To: American Spirit who wrote (165376)	7/27/2001 10:23:29 PM
From: Gordon A. Langston	Respond to of 769670

Business was "targeted" by the State Legislature. They will pay for the fiasco first through higher rates, then you and I will pay through higher taxes (something you might enjoy) and higher prices of goods provided by these aforementioned business, (assuming they find good enough reasons for staying in CA). Residential users will not feel the brunt of this clusterf**c through rates unless they have and use their spa and pool and air conditioning 24/7. They will be able to conserve. Businesses may be able to conserve also but it will be difficult for some that are more power dependent in their process. Not surprisingly these businesses have not been conserving prior to the new rates because their discounts for conserving will be figured on previous levels, hardly a sound basis for starting into the era of re-regulated "de-regulation".

To: American Spirit who wrote (165376)	7/27/2001 10:28:31 PM
From: Gordon A. Langston	Respond to of 769670

LA DWP got a few hundred million selling power to the STATE at some pretty high prices (same as the one's you're probably raving about). Came from their "dirty" coal plant in Utah. Their old boss is now working for DAVIS. Sounds like it could be a conflict of interest, which is typical OP for Davis.

To: American Spirit who wrote (165376)	7/28/2001 11:09:21 PM
From: Brumar89	Respond to of 769670

I live in Houston and have little knowledge of California's energy situation. But I do know that the national market for natural gas is not controlled by a cartel - there are thousands of companies in the industry. The industry responds to high prices by increasing drilling which eventually results in more production pushing prices back down - this is taking place right now.

To: American Spirit who wrote (165376)	7/28/2001 11:13:26 PM
From: alan w	Read Replies (2) \| Respond to of 769670

Have you seen this AS? alan w TAKE A LOOK AT THIS>>>>>>>>Gov Gray Davis fires 5 advisors....look what the 5 were doing...>!!! Edit: full house grub Saturday July 28 2:47 PM ET California Fires Five Energy Advisers - Report LOS ANGELES (Reuters) - California Gov. Gray Davis has fired five energy consultants because they had conflicts of interest between their official duties and their personal finances, the Los Angeles Times reported on Saturday. The five advisers were all involved in purchasing energy for the state from a generator in which they owned stock, the newspaper said. The firings came after a top state Republican official asked federal regulators on Wednesday to probe possible insider trading violations in Davis' energy team. Secretary of State Bill Jones, who is challenging the Democratic governor in next year's gubernatorial race, asked the Securities and Exchange Commission to examine his charges, which are already under review by the state Attorney General's Office and Fair Political Practices Commission. Davis administration officials could not be reached for comment on Saturday. At the time, they dismissed Jones' allegations as ``pure politics.'' The charges increased pressure on Davis, who has come under fire for his handling of the state's energy crisis. Power shortages and skyrocketing prices have threatened to derail California's economy, which if ranked as a nation would be the world's sixth biggest. The Los Angeles Times said on Saturday that officials had confirmed the conflict of interest last week after belatedly asking the consultants to file required economic disclosure statements. The officials removed were traders who bought power on behalf of the state from generator Calpine Corp. while simultaneously holding Calpine stock. In one case, a trader who bought $12,000 worth of Calpine stock more than two years ago saw its value skyrocket, repeatedly doubling in value, the Times reported. Davis had insisted that a number of other senior advisers, including two Wall Street veterans pitching the state's planned $12.5 billion power purchase bond sale, remain beyond the reach of California's disclosure requirements, the Times said. dailynews.yahoo.com.