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CenterPoint Energy, Inc. Message Board

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  • illiquidtoo illiquidtoo Nov 9, 2002 11:04 AM Flag

    Buffett

    Is the bloated interest charge that cnp now will pay fair game to pass off to the rate payers or no?

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    • I don't believe it is. The reason I say that is when Berkshire bought Norhtern Natural Gas pipeline from Dynegy(which had bought it from Enron), they ran into the same problem. NNG had taken out loans and passed them on to the parent company (Enron). Dynegy assumed the debt that came with NN and passed it on to Berkshire when it bought it. The FERC said that that loan could not be recouped from rate increases. So Berkshire simply bought the pipeline for 600 million less that Dynegy paid for it 6 months earlier.

 
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23.62+0.45(+1.94%)Jun 28 4:00 PMEDT