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CenterPoint Energy, Inc. Message Board

  • mark5ao mark5ao Sep 28, 2000 1:06 PM Flag

    Re: REI reiterated buy

    REI should shut up about making money off
    California ratepayers.
    The California utilities and the
    California Public Utilities Commission are liably to do some
    unfriendly, financially painfull, things to REI.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Interstate wheeling rates are set by FERC, the
      Federal Energy Regulatory Commision, unless this changed
      as part of deregulation.

      Can anyone back me
      up on this? I've been out of the generation industry
      for a while.

      Wow! This stock blew past my
      short-term price target of $40. I may be forced to take some
      profits.

      • 2 Replies to PeterGrynch
      • True, FERC sets interstate commerce rates, but
        the Cal Power Exchange and the Cal ISO are (according
        to FERC) free to set boundaries on what they will
        buy and at what price.
        With the PX and ISO
        regulating prices down from a cap of $750 to $500 to $250
        per MWh, we'll see less peak profits. But at the same
        time we're seeing average prices increasing to make up
        for it.
        As long as the west is short power, I'm
        confident REI will capture value somehow. I just bought in
        at $45.

      • You can short this puppy if you wish, but I'm
        taking the ride to 65!! Click on the link in post 1319.
        Once REI spins off it's generation company, the stock
        will be similar to companies like DYN and CPN. Take a
        look at their performance in the last
        year.

        Good luck to you......BL99

 
CNP
25.12-0.01(-0.04%)Jul 22 4:03 PMEDT

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