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To: Charles Hughes who wrote (19040)	5/14/1998 10:17:00 AM
From: Bearded One	Respond to of 24154

Thank you for picking up what I had dropped. Yes, I had been temporarily overwhelmed by the prospect of never-ending debate (has Reg ever said yes, you are right?) and I choked.

To: Charles Hughes who wrote (19040)	5/14/1998 10:19:00 AM
From: Reginald Middleton	Read Replies (2) \| Respond to of 24154

You have no idea what you are talking about Chaz. To begin with, it was your compadre who attempted to change MY argument. I made a comment on growth and profits, and he came back with something else. You need to read more carefully in the future if you are going to comment. The Swiss, and much of western Europe are way ahead of us in terms of energy deregulation. If you knew what you were talking about, you would not have even bothered to disagree. You are arguing without a factual basis. Why do you think unregulated industries carry a higher valuation (in general) as compared to heavily regulated industries? Is it because you are right?