Fwd: blame it on texas

From: Grlygrl201@aol.com
Date: Sun Feb 04 2001 - 16:12:14 PST


THIRD attempt. hope they all don't come thru at once.


attached mail follows:


Peter Navarro:

" That's when the utilities decided to turn the lights off much sooner--or
so the "blackout-bailout" theory goes. To achieve this, Edison paid a huge
dividend to its shareholders, thus ridding itself of any excess cash to buy
power. Both Edison and PG&E also moved assets over to their unregulated
subsidiaries so that these assets couldn't be used as credit to purchase
electricity."
     
http://www.latimes.com/news/comment/20010126/t000007489.html

geege

(i posted this via kragen yeshterday - don't know where it went. the link,
now over one week old, is probably available as an archive only, access of
which requires latimes registration. all worth it, really.)



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