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Gold/Mining/Energy : Mirant Corporation (MIR) -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (744)	9/12/2002 7:23:34 AM
From: Oeconomicus	Read Replies (1) \| Respond to of 903

Hello again, dooray-ray. Did you read the news? Theory Becomes Practice In AEP Move To Shut Power Plants Wednesday September 11, 5:43 pm ET By Kristen McNamara and Jon Kamp, Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- American Electric Power Co.'s announcement Wednesday that it plans to mothball 16 power plants in Texas by the end of the year is a sign that electric competition is beginning to work as intended, power market analysts and observers said. Independent power producers like Mirant Corp. (NYSE:MIR - News) and Calpine Corp. (NYSE:CPN - News) have long argued that their more efficient generators would displace aging power plants. That process has yet to get solidly under way, though analysts expect other companies to follow AEP and announce plans to shut inefficient units across the U.S. Didn't take Econ 101, did ya? Remove inefficient plants, reduce supply, and improve pricing and margins for the remaining more efficient capacity. Are you listening dooray-ray?