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Author: retch Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 744856  
Subject: Re: OT -- Texas Electric Power Deregulation Date: 8/8/2001 7:46 PM
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Don't forget, the regulated prices were lobbied heavily for by PG&E and Edison. So the losses they took were due to their own efforts, not merely shortsighted regulators who didn't talk to industry... The power shortage was very clearly price manipulation by producers to take advantage of the tightened supply and high demand of the time.

RTG OUT!
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