To: JOHN WHITE who wrote (2894 ) 3/18/1998 11:16:00 AM From: shashyazhi Read Replies (2) | Respond to of 6464
Ron Holland said, "I will never have to work again," referring to the adoption of pulse charging to the deregulated power industry. This statement was made at the California Speedway in February. Joe LaStella said to my partner, "We're going into the power generation business," on the day after the SEC investigation was announced. Joe didn't have much time to talk as the staff was busy copying and boxing up voluminous masses of paperwork. Recently, the Phase I funding of 500,000 shares of Southern States Power Company, valued at $1,000,000 amounts to 14% of the SSPC stock. This implies that the company will be worth about $7.7 million when funding is completed. Zekel of the Yahoo BB says that "BAT does own the other 86%." But the company that Zekel works for is yet another company with whom BAT International is negotiating, a Houston based gas pipeline company, where BAT has offered to modify their natural gas burning compressor engines at no cost, accepting instead a portion of the $6 million per year savings in fuel. Initially, BAT International will realize some small income from the fuel savings resulting from the modifications. Internal combustion engines are everywhere, not just on the highways. If BAT International's fuel saving modifications become known in the trade magazines, more powerplant, refinery, and oil field engineers will want to adopt the technology. But these engineers are as hard headed as any BAAT skeptic. The watchword in the petroleum industry is "Don't tell me, show me." And it takes time to prove a fuel savings of only 10%, as referred to in Zekel's Yahoo BB message 17496. First, the agreement must be negotiated and completed, then the modifications must be made, and the economy test initiated. Plant engineers have extensive records of how much fuel any engine has burned in the past, and they will begin to see a predictable trend. Then they will make their final evaluation and decide whether to modify all of their remaining engines. This process may take six months or a year at each company. This ball is slow to start rolling. It's a quiet revolution. Those who thought they would get rich overnight with the "Next Microsoft" may have to accept a more distant horizon. And Ron Holland may be able to retire.