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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (13583)	7/19/2002 8:53:58 AM
From: KyrosL	Respond to of 19219

I also don't follow regulated utilities right now, but in the past I have had good success with TXU, FPL, and SO. I do think that some of the energy traders, Mirant in particular, are much better bargains right now, if they survive. In a perverse way, the Enron disaster and the subsequent tightening of the credit screws on energy companies, has saved these companies and the utilities industry in general from themselves -- the ones that survive that is. It has cut short a capital investment binge that would have resulted in huge overinvestment down the road, ala telecom. Investment in new power plants has ground to a near halt right now. Meanwhile old power plants are getting retired and almost all of the nuclear power plants that supply almost 20% of electric power are getting very long on the tooth. IMO, in two or three years it will be deja vu all over again with power shortages and skyrocketing prices. Kyros