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To: ;Calpowercrisis;randita;SierraWasp; Carry_Okie; okie01; socal_parrot; snopercod; quimby...
Comments in here regarding the Big Bond for the Power crisis also!

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3 posted on 03/26/2002 12:21:09 PM PST by Ernest_at_the_Beach
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To: Ernest_at_the_Beach
Actually, if a government agency needs money for capital projects (as opposed to power costs, which are operating types of expenses) now is a reasonable time to borrow money for capital projects, provided one had a good credit rating and a good solid plan on how the government agency will repay the bond monies.

Having said the above, California power bonds are not for capital projects, California does not have a solid plan on how to repay the money, and there are questions as to California's credit rating. I hope that some of the cities, counties, special districts, and state agencies are paying attention to what Davis is messing up.

23 posted on 03/26/2002 8:26:54 PM PST by Robert357
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