Harry, To what extent is California stuck with the cost of paying off several past energy plants that are no longer functioning? I remember that that is why ENRON did not continue its involvement of trying to gain a foothold in the California energy market during deregulation. To what extent is the problem due to not being able to anticipate the effects of deregulation?
Bill Ward On Thu, 30 Jan 2003 16:15:02 -0500 "Ray Evans Harrell" <[EMAIL PROTECTED]> writes: > CEOS are CEOS no matter where they work, because they don't want to > work and > won't do it unless they are paid well for being miserable. Is it > any > wonder his name is Gray? > > REH > > > ----- Original Message ----- > From: "Harry Pollard" <[EMAIL PROTECTED]> > To: "Brian McAndrews" <[EMAIL PROTECTED]>; > <[EMAIL PROTECTED]> > Sent: Thursday, January 30, 2003 11:59 AM > Subject: Re: [Futurework] smart or dumb? > > > > Brian, > > > > When our present idiot became California governor four years ago, > he > > inherited a $12 billion surplus. > > > > It is now a $35 billion deficit (it was much less until he was > elected, > > whereupon they found how large it was). So, they are now fiddling > around, > > cutting educational and hospital outlays - the less important > things. > > > > Neither Wilson, the Republican idiot, nor Davis the present > Democratic > > idiot, noticed that the population increased by 20% over a decade > without > > any increase in power supply. When we were in deep trouble they > lately > > built a couple in ten minutes - or at least pretty quickly. > > > > Then, of course, they "deregulated electricity". They were as > good at > this > > as they are with most "privatization" schemes. They freed > wholesale prices > > but kept retail prices fixed. Wholesale prices zoomed, but the > local > > distributors were unable to raise prices. This meant they began to > go > > broke. This led to a rash of rushed and thoughtless legislation - > and > chaos. > > > > Then, the normal action of the price mechanism took over and > wholesale > > prices dropped to their lowest. Not that this made any difference > because > > the idiot entered into a long range contract for power at the top > of the > > market. Now, it's pretty cheap - but we are stuck with that high > priced > > contract. (The governor is now trying to void it, but I'm not sure > how > much > > luck he's had. They are all pals together, after all) > > > > I no longer blame the inept and venal CEOs for their antics. I see > now > that > > they are merely trying to get the same treatment as inept and > venal > > politicians. > > > > Harry > > > > ----------------------------------------------- > > > > Brian wrote: > > > > >Hi Ray, > > >Last night on the CBS evening news they ran a story about the > Oregon > > >public school system. Apparently they do not have enough money to > finish > > >out the year. Students may have their school year reduced by a > month or > so. > > >I'm sure Karen could provide us with much more about this. > > >This begs the obvious question - How serious are the state > budget > deficits? > > > > > >Take care, > > >Brian > > > > > > ****************************** > > Harry Pollard > > Henry George School of LA > > Box 655 > > Tujunga CA 91042 > > [EMAIL PROTECTED] > > Tel: (818) 352-4141 > > Fax: (818) 353-2242 > > ******************************* > > > > > > _______________________________________________ > > Futurework mailing list > > [EMAIL PROTECTED] > > http://scribe.uwaterloo.ca/mailman/listinfo/futurework > > _______________________________________________ > Futurework mailing list > [EMAIL PROTECTED] > http://scribe.uwaterloo.ca/mailman/listinfo/futurework > > ________________________________________________________________ Sign Up for Juno Platinum Internet Access Today Only $9.95 per month! Visit www.juno.com _______________________________________________ Futurework mailing list [EMAIL PROTECTED] http://scribe.uwaterloo.ca/mailman/listinfo/futurework
