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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?


To: Captain Jack who wrote (25584)12/15/1998 12:46:00 AM
From: Brian Malloy  Read Replies (1) | Respond to of 31646
 
From Business Week

UTILITY TO CLIENTS: DO IT YOURSELF
THE YEAR 2000 BUG is making for weird contradictions at one big Midwestern utility. Alliant Energy, owner of Wisconsin Power & Light, is advising some customers to buy their own power generators if they want to be sure the lights stay on in 2000. Yet Alliant is also asking regulators for a $16.1 million rate hike to help inoculate it against the dreaded Y2K bug.

Alliant isn't trying to get something for nothing. To its credit, it is diligently preparing for 2000 by doing widespread debugging of its system. But it admits there may still be some power outages because thousands of embedded computer chips in power-regulating devices--its own and others'--cannot recognize year 2000. With 176,000 pieces of equipment and 6,000 vendors and suppliers, the utility won't be able to fix every one before Dec. 31, 1999.

So Alliant is telling many rural and corporate clients to make their own power. ''For some people, an outage for a half-hour in the dead of winter could be very serious,'' says spokesman David Giroux, ''so buying a generator might be a good idea.'' That may not be what consumers want to hear. But at least they'll be prepared.

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As we move into '99 the clock will continue to tick and TAVA will have its day. Stay patient, the market will move to us.

Regards