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To: jan m. who wrote (18921)6/22/1998 8:12:00 PM
From: Bill Wexler  Read Replies (1) | Respond to of 31646
 
No short term price target. Longer term the stock will trade below 5. I've started to accumulate a short position (again) but nothing significant (yet).



To: jan m. who wrote (18921)6/23/1998 1:50:00 AM
From: John Mansfield  Respond to of 31646
 
'Subject: Response to Manual override switchesDate: 1998-06-18 08:50:31
Our company, too, is investigating the possibility of islanding our service
territory in the event the grid goes down. But, our engineers tell me that our 7
power plants and the nuclear station we own half of, might not have the
flexibility to operate independently of the grid. Seems that islanding is a
very touchy situation, where you've got to be able to match the load exactly (or
almost exactly) in order to be able to stay on line. Otherwise, the protective
devices kick in and trip the plant(s) offline. When connected to the grid,
everything "averages out" a lot better then when you only have a few plants on
line. Your load would have to pretty well match your generation output to be
able to open the interconnects to the grid -- and they'd have to all be opened
simultaneously. Also, there are agreements with the power pools that come into
play, and there would be a great deal of hesitation to violate those agreements
by islanding. A major concern is that of our large !
industrial customers having y2k problems and shedding their load -- if that
happens too fast, the plants can't spin down the turbines fast enough and could
trip. Best we all plan on keeping the grid UP!

...

From:

Subject: Electric Utilities and Y2K forum Monday/Thursday summary