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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: CpsOmis who wrote (18015)2/8/2003 7:11:07 PM
From: Webster Groves  Read Replies (1) | Respond to of 206183
 
RRI's trading arm has already atrophied to the point of
being a marginal contributor to the corporate bottom line.
No real loss even if Feinstein is successful. But she won't be.

RRI and the FERC have already settled at a maximum fine for admitted power cutbacks on two days for which there is obvious evidence. RRI states there is no evidence such hanky-panky occurred at other dates (note they say "no evidence"). Unless California declared an emergency in June 2000 (which they did not) RRI did nothing illegal by withholding power.

Feinstein is doing her job of being California's senator. California has until 28th Feb. to bring new evidence to the attention of the FERC. Expect more shallow accusations, but no action from the FERC either.

If you want to buy RRI, now's a good time while the mud is still airborne. I bought some more Friday.

-wg

P.S. Bank of America is no longer headquartered in San Francisco or even California.