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

Nomiprins at aol.com Nomiprins at aol.com
Mon Jul 28 13:58:38 PDT 2003


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.

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