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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (49127)3/28/2002 9:32:16 PM
From: BirdDog  Read Replies (1) | Respond to of 65232
 
Sorry....you can't pawn the Calif. energy disaster on the government. Nobody told SCE they had to hurry up and deregulate. They were in a hurry to make a bundle by stripping SCE of anything good, and putting it to work under Mission. The last thing they considered important was the customers in Calif. The deregulation would be going fine if they weren't in such a hurry to make millions for themselves.
I still can't forgive the Calif. government for not stripping EIX of everything on the basis that they failed to deregulate and properly form the new company. EIX had and has plenty of money wrapped up in other projects that should have been sold to pay the astronomical energy bills of SCE. And where did the money originally come from for those other projects?...the rate payers in So. Cal. The government should have forced EIX into bankruptcy. They knew what they were doing...the good of the customers in Calif. was the last thing on their mind.

BirdDog@Prairie.com