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

To: Raymond Duray who wrote (750)	9/12/2002 4:23:05 PM
From: Oeconomicus	Respond to of 903

Econ 101 would suggest that in a market that is facing a glut that suppliers have no pricing power. You obviously didn't read the article then, or you just missed the point entirely. Or maybe you took Econ 101, but flunked it. The whole point of mothballing generating plants is to remove capacity, specifically inefficient and unprofitable capacity. Reduced capacity, reduced supply, higher prices, higher margins for the remaining players. Bottom line: AEP shutting down plants is good for MIR. Do you really not get that? Perhaps your brain is deprived of oxygen. Breathe, Ray.