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Paul, its only an opinion, but I tend to think some of the purchases made may have been experiments, or a view that the Company wants to dabble in certain areas, if for no other reason than to say that they have "kept up with the Joneses". One disconcerting area is the construction of new merchant generating plants...it was announced a while ago that the Global division would build new gas fired generating plants in Arizona, Connecticut and Pennsylvania, but there doesnt seem to have been much movement since all the announcements. I dont know where these projects stand right now.

The stock price has stayed up, and may move more once all the bonds are issued for the stranded costs. I dont fully understand that either, but the buzz is that its a good thing financially for the shareholders and the customers.

Bleon
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