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In response to a motivator that's been making the rounds for a while, and appears at the Castle this morning, I offer this: Read More
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I'm gonna make sure that you are buried with an unlocked sponson box handle...
With, of course, unlocked handles.
What that meant was that the power generating companies could charge whatever the market rate was even while the utility companies had their rates frozen. What happened was that the three companies that I mentioned split their power generating companies off so that they could charge themselves very high rates, thus keeping a lot of money in their own little hands while the utility company could complain that they did not have enough money to do general repairs or upgrades. Which, in turn, they were able to obtain nice rounds of subsidies, tax breaks and other big wads of help from state and federal government. All the while, the share holders were making the bucks off of the power generating companies.
What Obama is planning to do is to deregulate the utility aspect or at least provide for a big rate jump while simultaneously pushing through even larger energy bills than 2005 that will give big chunks of government money to these energy companies to upgrade transmission lines and equipment.
Make sure that anyone planning to invest in utilities or power generating companies takes a good look at what their mix of business is. Obviously, it would not be a good idea to invest in power generating companies with a lot of old coal burning plants.
I will say that people in the KC area just voted themselves a really big increase in energy costs for heating and cooling because many of the power generating plants in Missouri and KS are coal burning plants. (anybody ever pay attention to the ever flowing coal cars going through the KCMO bottoms?) Transitioning these plants is going to cost a heap of money and, as BO noted earlier this year, those are going to get bankrupted if they don't do something to change that. .
I have to admit, yesterday as I went to the polls, I kept hearing the song "it'sthe end of the world as we know it" going through my head.
Still, if you are looking to invest and get money in the next years of the great recession, energy is probably where it is at.
PS...GE, Exelon and several other companies were huge Obama backers. Go figure.
Not, "Investment advice!"
8^ D
We *never* give investment advice here. Nope, not us. That would be wrong, since we aren't licensed to give investment advice.
Just sayin'.
Honest. Reely.
thought you said "leverage", but good investments will help the levity, too. LOL
And, don't listen to me anyway. I'm not a broker. Just suggesting a place to "investigate" posibilities.
Oh. "Leverage."
Never mind.