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To: Ron Bower who wrote (2934)1/4/1998 4:10:00 PM
From: Robert Graham  Read Replies (1) | Respond to of 78528
 
Utilities have a government mindset that prevents profits in an open competitive market. With deregulation and time, the weak will be weeded out and the strong survive, but which is the weak and which the strong?

I agree. IMO it is too early to tell. I think even the companies that survive will go through a costly learning curve which will show up in the financials. Are not many of these utilities heavily debt leveraged, particularily the ones that have involved themselves with the construction and operation of nuclear power plants? How is a company like this going to manage the costs that relate to an upcoming competative and uncertain future that may very well entail a costly reorganization of the company?

Bob Graham