[lbo-talk] The Guardian - Energy's Moribund Tendencies

[Nomiprins at aol.com]

In a message dated 7/28/2003 4:10:44 PM Eastern Daylight Time, 
paraconsistent at comcast.net writes:


> How many more shoes to drop before next November?
> 

good question. Certain favored companies, like Avista, are still getting 
pardoned and bailed out by the FERC. That said, three to five majors are possible: 
Aquila, Reliant, Calpine, Dynegy (just finished another restructuring, not 
much room for more), and Allegheny (selling stuff to Goldman, but in much more 
trouble than its stock price would suggest), in that order. 

Nomi
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