Fwd: blame it on texas

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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.)

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