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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (212695)	1/6/2003 9:56:57 PM
From: reaper	Read Replies (1) \| Respond to of 436258

i'll have a closer look at TECO over the weekend, but given that i think the DUK divvie is at risk (i think we chatted about this one several months back) i'm guessing i'll likely come to the same conclusion. refinancing risk in that business is SOOO high right now (there's $10s of billions of debt from folks like Reliance to get re-financed by May of this year) and asset values seem like they're still falling. and prices for gas-powered generation are still falling at least from what i've heard (maybe Tip can chime in here??) you've also now convinced me to dust off RAD. there's sooo much cash tied up in that balance sheet, if they could just figure out a way to get to it... Cheers