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


(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.)

This archive was generated by hypermail 2b29 : Fri Apr 27 2001 - 23:17:25 PDT