nanog mailing list archives
RE: [OT]: Involuntary outages may start at 7am PST
From: matthew () tycho net (Matthew Kaufman)
Date: Wed, 24 Jan 2001 10:40:55 +0000
So tell me, how could PG&E have accurately forecasted the booming demand for power back in 1996 and protected themselves
The same way Northpoint could have accurately predicted that the Verizon deal would or would not go through. Which is to say "they couldn't." But you don't see the state stepping in to bail that situation out. This is how business works. You make your bed, then you sleep in it. In PG&E's case, they asked for much of the situation they have now (true, certain rules were changed after the fact, but they did make the trade of "more money now" knowing that came with "fixed rate to consumers"), and made lots of money off of it. And, in fact, the parent company still has all that money, and continues to make more from its own out-of-state generating assets. The "we were forced into running out of money" argument is the PR spin version of "we made a bet, and we lost... but our parent company is getting rich anyway" -matthew kaufman Tycho Networks/DSL.net matthew () tycho net
Current thread:
- [OT]: Involuntary outages may start at 7am PST Kavi, Prabhu (Feb 24)
- Re: [OT]: Involuntary outages may start at 7am PST Kevin Oberman (Feb 24)
- <Possible follow-ups>
- RE: [OT]: Involuntary outages may start at 7am PST Matthew Kaufman (Feb 24)
- RE: [OT]: Involuntary outages may start at 7am PST Kavi, Prabhu (Feb 24)
- Re: [OT]: Involuntary outages may start at 7am PST Kevin Oberman (Feb 24)