Thanks dude...it's all bearish right now as the price is headed lower.  Did you see the WSJ from this morning?  Check out the summary article on Beige Book.

fletch

 -----Original Message-----
From: 	Herndon, Rogers  
Sent:	Thursday, June 14, 2001 10:26 AM
To:	Sturm, Fletcher J.; Presto, Kevin M.; Gilbert-smith, Doug; Davis, Mark Dana; Misra, Narsimha; Aucoin, Berney C.
Subject:	Interesting Intelligence

This was an interesting and not surprising piece of info (in red highlights)


Executive Summary
-CPUC rules that SoCal must pay 15% of debt to QFs (approximately $50 million)
-Ruling heightens likelihood of voluntary bankruptcy filing by SoCal
-Voluntary filing further heightened by successful ring-fencing by EIX parent
-Bankruptcy judge firm in support for QFs

5.	GE Looking to Restructure Generating Capacity Financing

General Electric is reportedly "deeply concerned" about the stability of
financing generating capacity in the US.  (GE has over 70% of the gas
turbine market.)  GE is reportedly trying to keep its margins down and is
not raising its prices due to concerns about instability.  Sources believe
that a very significant percentage of generating capacity financing will
have to be restrucured in five years.