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Dead company.

I sold, took my lumps and am still bitter at Brunetti. Perhaps they will fire him, lose NRP, spin off NSP into its own company and I will probably buy that.

A cut in dividend tax would obviously help utilities - but probably not this one.

Xcel is hurting in Minnesota where the public utilities commission is not allowing any rate increases, the attorney general is all over the board and their largest nuke plant is running out of spent fuel storage room and, thanks to a deal they struck a decade ago, the american indians at the site apparently have veto power over any expansion. And they are adamately against expansion!

The only good thing about Excel that I see is that they have the naming rights to the Excel Energy Center in St. Paul where the Minnesota Wild NHL team is going to make the playoffs for the first time in team history (we are an expansion team from three or four years ago, so that is not bad).

Sorry to be such a downer. I'm just bitter (bitter cold, too - it is minus 7 today).

-Chuck
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