Message-ID: <14852275.1075857835316.JavaMail.evans@thyme> Date: Fri, 23 Mar 2001 03:12:00 -0800 (PST) From: jstamas@carolina.rr.com To: kevin.ruscitti@enron.com Subject: Re: Good Buying Opportunity???? Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "john stamas" X-To: X-cc: X-bcc: X-Folder: \Kevin_Ruscitti_Jun2001\Notes Folders\Discussion threads X-Origin: Ruscitti-K X-FileName: kruscit.nsf you obviously know the energy market better than most. My guy at goldman, Jonathan Raleigh, has been on calpine for 4 years and has killed it, so i'm just following his lead. as for the futile leadership in ca, i agree. wouldn't it be nice for you, me , tj, and sweets to run a company or a state. j ----- Original Message ----- From: To: Sent: Friday, March 23, 2001 7:42 AM Subject: Re: Good Buying Opportunity???? > > Stamos, > > Glad everyone had a good time at Sweets'. I hope he had a blast. > > In terms of your email reply, > you can have Calpine. How are they going to make money long term if price > caps are instituted? This obviously would be the stupidest policy. In > addition > their exposure to the CA crisis must be pretty significant - when and how > are they > going to get paid? I wouldn't want to bank on the energy market in the > most > regulated state in the country. Plus, if the state backs energy purchases, > it's > going to get to the point where who wants to own CA credit?? PG&E and > Edison > International are doomed, as they should be. The state of CA is going to > go > down the tubes unless they find some good leadership. Unfortunately, noone > out there seems to have the least clue on how to solve the problem. The > politicians > are a complete joke. It is incredibly disheartening to witness the > absolute stupidity > of the CA politicians in addressing this issue. They seem to be much more > focused > on finger pointing than coming up with a viable solution. I honestly think > they are incable > of solving the problem. > > > KR >