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Enron Mail |
THE FRIDAY BURRITO=20
Plan to be spontaneous - tomorrow.=20 No Burrito next week.? I'll be in Phoenix with the other WPTF geeks enjoyin= g=20 perfect weather, a little golf, and party time.? Those of you not attending= =20 our general meeting in Old Town Scottsdale (shame on you), please hold down= =20 the fort in California while we are gone.? Be sure to turn out all the ligh= ts=20 before you go to bed.? At 11:00 p.m., every night, check to see that=20 legislators are still in session debating another mind-numbing emergency=20 session bill. Pray for our Governor, and our State-Appointed ISO Governing= =20 Board, for they know not what they do. Give an amen to direct access=20 customers, all snug and safe in the utilities' bosom as default customers.= =20 We really have done a bang up job, here in California.? Who do we get to ba= il=20 out next?? It is the favorite topic of the day.? A utility bailout, that is= =20 what today's newly approved legislation, ABX 1-1 is being called.? Society= =20 makes choices, the utilities do what they are told at a reasonable rate of= =20 return, and investments that might have been made in new electric generatio= n=20 facilities were deferred, and deferred.? It's not a utility bailout that we= =20 are witnessing, but, rather, a California bailout.? We are bailing out our= =20 own dirty mess for not providing sufficient generating capacity.=20 Have you wondered in these last few weeks why everything went south at the= =20 same time?? I have thought about this a lot, and have determined there are = no=20 good explanations.? What are the odds that a capacity shortage, a draught,= =20 and ultra-high natural gas prices would occur at the same time?? Well, just= =20 as the utilities like to say with each missed payment, these are forces=20 beyond our control.? Let the waves hit the beach, and what survives the=20 storm, survives.? Everything else must perish.? There is no electric tooth= =20 fairy to bring back the California PX, or the tens-of-thousands of direct= =20 access customers returned to default service this week.=20 The Western Governors, the US Congress, and the President's cabinet have al= l=20 taken photo op shots at the issues.? I don't think those meetings will add= =20 much to the pile of solutions to our thorny problems.? Who knows, maybe the= =20 WSCC will get a mandated price cap.? Would we endorse a price cap, even at= =20 $2,500? I don't know.? Some of you might support that, whereas others would= =20 stay the course.? No price caps.? Of course, I don't understand how a price= =20 cap of $1,000, say, the same cap used in other regions of the country, can= =20 help us in the West.? The economic impact we have witnessed has come about= =20 from prices well below $1,000/MWH.=20 Here is this week's line up.=20 The People's Republic of California=20 ?@@@ Stop the Bleeding Bill=20 ?@@@ They Wrote to Me=20 Things National=20 ?@@@ California seeks to be a party in our DC Circuit Court Case against FE= RC=20 Letters=20 ?@@@ A Few Thoughts by George Sladoje=20 ?@@@ More Tributes to Kent Wheatland=20 Odds & Ends (_!_)=20 =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=20 The People's Republic of California=20 ?@@@ Stop the Bleeding Bill=20 ABX 1-1 was signed into law today.? It is the most curious piece of=20 legislation.? Legislate in haste, and repent in leisure.? The Governor=20 claimed in his press release, "This measure offers our best hope of avoidin= g=20 electricity rate increases in future years. We will now put together a=20 portfolio of low-cost contracts. With new contracts for alternative and=20 renewable energy sources, it is my hope and expectation that we can live=20 within the existing rate structure."? I have read the bill several times, a= nd=20 I don't see how it is even remotely possible to avoid electricity rate=20 increases.? Someday, I want to be Governor.? Then, I will have the freedom = to=20 make up the truth as I go along, and voters in the State will blindly belie= ve=20 me.? That's the job I want.=20 Here is the gist of the bill.? First, that DWR will enter into long term=20 contracts to cover PG&E's and SCE's net short position.? The first round of= =20 bids yielded less than 2.500 MW of power.? Hardly enough, by a factor of=20 four, I reckon, to cover the net short positions of both utilities..? Next,= =20 the power delivered by those contracts will be delivered to California's en= d=20 use customers utilizing the poles and wires of the utility distribution=20 companies (UDC). Each utility's? cost for the delivered power (own=20 generation, QFs, bilateral deals, DWR purchases, and ancillary services) in= =20 excess of the generation component of the UDC's rate will be called the=20 California Procurement Adjustment.? The PUC has the authority to pass on so= me=20 or all of the California Procurement Adjustment to customers for the energy= =20 consumed in excess of 130% of customers' baseline quantity.=20 That sounds to me like a rate increase.? The first block of monthly=20 consumption, and 30% above that will not be charged for the new Adjustment.= ?=20 All monthly consumption above that level will get a pro rata share of the= =20 Adjustment.? The DWR purchases will be backed by state-issued bonds, the=20 maximum of which can not be "an aggregate amount greater than the amount=20 calculated by multiplying by a factor of four the annual revenues generated= =20 by the California Procurement Adjustment, as determined by the [PUC] pursua= nt=20 to Section 360.5."? The media was reporting a $10 billion bond bailout for= =20 the utilities, but I don't see how they derived that number.=20 Currently, PG&E and SCE are accumulating a bill for their net short positio= n=20 of $1.2 billion per month.? The average system load is 30,000 to 33,000 MWs= ,=20 and the average purchase price for the spot energy being purchased is aroun= d=20 40?/kWh.? Assuming that long-term contracts would price the power at, say, = 8? /kWh, and at least half the net short position could be covered utilizing= =20 long-term contracts, the monthly cost for the net short position would be= =20 around $720 million, and the annual figure would be $8.6 billion.? Let's=20 allocate the annual cost of $8.6 billion over the energy consumed above the= =20 "baseline" quantity.? I have heard that 78% of the energy consumed by=20 customers of the three IOUs is above the baseline quantity.? We'll assume= =20 that 66%, or 2/3, of the energy consumed is above 130% of the baseline=20 consumption level.? The annual energy delivered by the ISO is roughly 210= =20 TWh, and, therefore, 2/3 of that is 140 TWh.? The average cost per=20 "applicable" kWh of uplift in a customer's bill would be 6.1?/kWh, thereby= =20 roughly doubling the current generation component of the current frozen=20 rates.=20 Of course, the additional revenue collection isn't expected to keep up with= =20 the cost of the net short position. Electricity costs will fall off as gas= =20 prices ease, and more supply comes on line.? However, it is breathtaking to= =20 observe that for the kWh that are bearing the uplift, the ?/kWh rate increa= se=20 for residential customers is about 50%, and blended with the 130% of baseli= ne=20 energy, the rate increase is about 35%.? That's a lot of math to get to the= =20 same percent increase the utilities were claiming they needed to satisfy th= e=20 revenue shortfall!? A thirty- percent increase in my PG&E electric bill wou= ld=20 add between $50 to $80 to the monthly tab.? I am beginning to wonder why we= =20 Californians are making such a fuss.? Falling interest rates on my=20 variable-rate home mortgage will probably boost my after-tax income $300 to= =20 $400 per month. Hell, I gladly would pay a higher electric bill plus an=20 additional $5 to $8 per month to assist those consumers on fixed income or= =20 otherwise unable to absorb the cost increase.=20 Are we properly focused on the right problem?=20 Another flea on this legislation is the suspension of new direct access=20 customers during the time that DWR is procuring energy.? The bill states, "= =01(=20 the right of retail end use customers =01( to acquire service from other=20 providers shall be suspended until the department no longer supplies power= =20 hereunder."? Voila.? Not only do we get a rate increase, but our ability to= =20 choose an alternative energy supplier is hereby waived.? I would think the= =20 average Californian would be outraged by that dictate.? Of course, most=20 Californians didn't know that they had a choice.? Therefore, the legislatio= n=20 made a grand leap forward by lowering our opportunity set to be in line wit= h?=20 expectations.=20 I wonder what the Legislature will do next week?=20 The People's Republic of California=20 ?@@@ They Wrote to Me=20 On Monday, the LA Times published my first Op Ed.? I attempted in that piec= e=20 to compare our role as electricity marketers and producers to lending=20 institutions that offer home-loan mortgages in various risk-adjusted=20 instruments - variable-rate loans, fixed rate loans, etc.? The comparison i= s=20 less accurate than apt.? However, I think we, as an industry, get too focus= ed=20 on things about which the public cares little.? Does the public need to=20 understand how banks arbitrage loans in order for a consumer to obtain a ho= me=20 loan?? Does the public need to understand the workings of the internal=20 combustion engine to drive a car? So, I tried my level best to describe how= =20 the consumer should view our side of the demand-supply interaction.=20 I included in the article my e-mail address.? I wanted to get a feel for th= e=20 thoughts of people who would make the effort to write.? Even though there= =20 were only a handful of responses, I was pretty much taken aback by the tone= =20 of the letters.? The edge in their language was sharp.? They generally=20 distrust our industry, sometimes confusing us with utilities.? I would=20 characterize their thinking as "first assume you suppliers and marketers ar= e=20 crooks =01(", and everything else flows from there. Here are some excerpts.= ?=20 "I read your article in today=01,s L.A. Times in which you make out that yo= ur=20 members (the electrical power generators) are completely innocent of any ha= rm=20 and were only trying to help.? Oh, yeah?? Where did that 12 billion dollars= =20 go?? It did not go to the utility companies, they are on the verge of=20 bankruptcy.? It went to your members who are laughing all the way to the ba= nk=20 at our predicament."=20 "As a consumer in the SCE service area, I was disappointed with your analog= y=20 or comparison of variable-rate home loans with the current high cost of=20 energy.? Variable-rate home loans offer more disclosure to consumers than t= he=20 information that was provided to residential consumers and possibly the=20 legislature that weighed in on AB1890."=20 "? exactly how stupid do you think we are. you assholes buy the politicians= ,=20 rig the bidding process and then say we should quit calling you names after= =20 you have stolen billions from people who work for a living." [Ed. - This=20 response won the Miller Brewing Co.Writer's Guide Award for Keen Articulati= on=20 Under Dim Light]=20 "I don't mind paying for a service that I use and makes my life comfortable= ,=20 but BIG BUSINESS is playing with us once again and this is NOT RIGHT.? The= =20 State of California has grown 13% in the last decade and no new power=20 plants?? They were warned about their lack of future vision for not allowin= g=20 new power plants to be built and now we're paying the price as usual." " This boom to bust cycle in oil, natural gas and now electric energy is we= ll=20 chronicled and almost? always precipitated by gaming on the supply side of= =20 the equation (namely OPEC)=01(? Personally, I think it is high time the Fed= eral=20 Government (or the State of? California) started investing in, and? buildin= g,=20 nuclear power plants with? a vengeance again." ?Things National=20 ?@@@ California seeks to be a party in our DC Circuit Court Case against FE= RC=20 I attended the Electric Power Supply Association (EPSA) annual meeting in= =20 Palm Desert this week.? It was a really nice event, and the speakers were= =20 excellent.? Among the guests was former FERC Chairman, Jim Hoecker.? I=20 chatted with him about our dilemma in California regarding the=20 State-appointed ISO Governing Board, and he admitted that we must do all we= =20 can to give the FERC Staff more spine.? I was thinking about a steel rod, a= nd=20 the FERC staff in a compromising position, but more on that later.=20 I asked Citizen Jim what he was going to do for a living, now that he is ri= d=20 of his Commission robe.? He said he was thinking about hanging a sign aroun= d=20 his neck "Will Regulate for Food", but he wasn't quite sure.=20 Mr. Lockyer, California's Attorney General, who did not attend the EPSA=20 conference, filed in our case against FERC to appear as Amicus Curiae (I am= =20 not a Latin scholar, but that means Strange Friend) before the DC Circuit= =20 Court of Appeals. For cases involving high-voltage electricity, I think the= re=20 should be an AC Circuit Court.? But more on that later.? The petition state= s,=20 "In the event that the Court concludes that the new California legislation= =20 [ABX 5] does not moot this appeal, [we] respectfully request the opportunit= y=20 to submit a brief on the preemption issues inherent in this litigation,=20 within a reasonable period of time as determined by the Court."=20 Yeah, come on in.? I want this case to get a little wider.? Last Friday, ou= r=20 attorney, Bracewell & Patterson, and FERC's counsel made oral arguments=20 before the Court.? The ordeal took 30 minutes, and the judges asked pretty= =20 tough questions.=20 The new State-Appointed Governing Board is doing its best to gum up the=20 works.? Yesterday they met for a second time, had a completely revised=20 agenda, and proposed to meet in executive session to discuss how the=20 transmission system works.? Further, in executive session, individual membe= rs=20 of the ISO executive team were called in one by one to appear before the=20 Board.? My guess is that each had to take a secret oath, swearing allegianc= e=20 to the Governor, Chairman Kahn, and the Dark Side. But more on that later.= =20 Letters=20 ?@@@ A Few Thoughts by George Sladoje=20 I asked California PX CEO George Sladoje to write a letter to the Burrito= =20 expressing his thoughts at this difficult time.? Here is what George wrote.= =20 ? "Dear Gary,=20 "As you know the California Power Exchange has begun to wind up its affairs= =20 with the intention of closing its doors soon. In fact, our last Day-Ahead= =20 auction will probably take place in the coming week. [Note - it closed last= =20 Wednesday.]=20 "While I believe that our leaving the power scene will ultimately hurt the= =20 consumers and businesses of this state, I am most disappointed that the=20 outstanding efforts of nearly 200 dedicated, hard working and innovative=20 employees and contractors ultimately could not withstand the environment we= =20 find ourselves in today. In my working career of nearly 40 years (it can=01= ,t=20 be) I have never witnessed an effort of the magnitude that our group has=20 given.=20 "CalPX began with much opposition and really no passionate support. In the= =20 end, we still had no real advocates though everyone claimed to support the= =20 concept of a transparent, fair and honest price under rules that did not=20 discriminate and that everyone could follow.=20 "The final indignity was our attempt to fight the arbitrary, discriminatory= =20 and unconstitutional aspects of the December 15, 2000 FERC order as it=20 pertained to CalPX. The Governor=01,s office, the EOB and the CPUC declined= to=20 support us even though the order was, in effect, directed largely at those= =20 bodies. They were content to let CalPX be the scapegoat for high prices in= =20 the West. Only the WPTF stepped forward and your group is to be commended f= or=20 taking a stand.=20 "Our major operational setback was our inability to persuade users to=20 participate in our forward market which would have spared California much o= f=20 the current chaos we are now experiencing. In January 1999 at our first=20 meeting to develop these contracts, I told our management group that these= =20 forward contracts would establish us as a major financial institution, and= =20 that they would become the springboard to a successful deregulated market.= =20 Instead, when we introduced them in the summer, they were greeted with a ya= wn=20 and only grudgingly utilized. Suddenly, in June of 2000 every "expert" from= =20 Washington, D. C. to Berkeley began proclaiming the value of forward=20 contracting.=20 "Today the IOUs continue to obscure their reluctance to participate in this= =20 market, claiming they were victims of a forced spot market. Generators, on= =20 the other hand, have apparently never supported exchange based forwards for= =20 their own reasons. Our goal of developing the first real futures products i= n=20 this business will not be achieved. I find it ironic that today we are in= =20 court over guess what d forward contracts that the IOUs didn=01,t really em= brace=20 anyway. Just imagine if they saved $1.2 billion in seven months without=20 really trying . . . . . . . . . . . . . .=20 "Anyway, the Burrito has consistently been one of the few of hundreds of=20 e-mails that I receive each week that I look forward to. Keep up the good= =20 work!=20 "To all of your readers d good luck and keep plugging away. There are=20 tremendous possibilities ahead.=20 "Finally, the concept of exchange based power products is a good one and is= =20 the right way to go. It has worked in other countries and will work in othe= r=20 areas of this country. Unfortunately, it can=01,t be done in California at = this=20 time. "Thanks and good luck." Letters=20 ?@@@ More Tributes to Kent Wheatland=20 This Sunday at 1 p.m., the family of our friend and colleague, Kent=20 Wheatland, who passed away on January 22, will hold a memorial service.?=20 Information about the service is posted on a web site managed by Kent's=20 brother.? The address is? http://www.query.com/kent/ .? If you are in the B= ay=20 Area on Sunday afternoon, please consider attending.=20 Here are some more notes I received from fellow WPTF members about Kent.=20 Jimmy Thomas, who is recently retired from Dynegy=20 ? "Although I did not work with Kent closely, the few personal encounters= =20 were memorable.? His zest for life is what sticks with me.? No matter the= =20 conversation, his smile was infectious.? You could feel the joy he had in a= ll=20 he did.? When we discussed business, he smiled as though he was ahead of yo= u=20 with your thoughts.? When we discussed pleasure, he smiled as though to say= =20 I've done that and would like you to join me next time.? It was my pleasure= =20 to know Kent.? We should all learn the lesson of his attitude and how it=20 impacts everyone who comes into contact.=20 "I pray in earnest for his family.? I pray that they will find peace and ca= lm=20 and reconciliation in the loss of Kent at such a young age.? I pray that hi= s=20 family will find the meaning and reasons for God wanting Kent to come home.= ?=20 I pray that God will reveal His truths to Kent's family so they will=20 experience comfort through their sorrow.=20 "Kent will be missed, but I know his smile is still infecting all around=20 him..........in an eternal way now." From SCUG buddy, and Dynegy friend Jolly Hayden.=20 ? ".....? I have so many good memories of Kent, his sense of humor, his wit= ,?=20 and his unbelievable intelligence.? I learned so much from him.? He kept me= =20 on my toes..... he was a blast to argue with.... we could go for days on a= =20 single topic and often did via phone calls and email.? His passion was=20 phenomenal, he loved this stuff.? It was a privilege and honor to have know= n=20 Kent these last few years." From Max Bulk of the California PX=20 ? "I was shocked to read about Kent.? While I didn't know him as well as yo= u,=20 I highly respected him and thoroughly enjoyed his company.? His ability to= =20 inject humor into dry and often confrontation situations was wonderful.? Hi= s=20 passing is truly our loss.=20 "One memory to share: It was one of the CMR meetings, towards the end of th= e=20 process I think, where the ISO was introducing subjects willy-nilly with=20 almost no forethought.? Kent had been particularly vocal in his condemnatio= n=20 of the more ridiculous proposals and when he took the mike ISO staff visibl= y=20 winced.? Kent, never losing his smile, tore into Kellan about the rapid=20 timeline and apparent disorganization.? As he neared his crescendo, he said= ,?=20 'I've got one more question for you.? What's up with the ISO logo?? Is that= a=20 drowning dolphin or what?'" From Dynegy's Dave Francis=20 ? "I have often commented that this business is still about people.? While= =20 our coworkers may come and go, the bonds of friendship carry over time and= =20 distance.? It warms me to know that my feelings about Kent are shared acros= s=20 our industry.? Everytime I am at the Sacramento Sheraton, I distinctly=20 remember Dennis Flaherty and I speaking with Kent about the market while=20 standing in the courtyard.? I believe that was the beginning of getting him= =20 here, where he belonged.? Man, he was a good guy.? So to the extent I'm abl= e=20 to express it, thank all of you." Greg Blue, former Chair of WPTF wrote the following.=20 ? "One of the most cherished moment I had with Kent was in one of his first= =20 weeks of employment at Dynegy he was able to join us at a Dynegy sponsored= =20 golf tournament.? Coming from the CPUC they did not get to participate in= =20 many corporate golf outings.? Kent was all smiles as he came in with a scor= e=20 of 135.? He was then told that in order to work at Dynegy he had to take go= lf=20 lessons.=20 ?"Kent also had one thing that you cannot teach.....enthusiasm!" Written by Jeff Roarke of Mirant (formerly Southern Energy)=20 ? "You know, given everything that has been going on in the power markets,= =20 this just seems to be part of it all.? One more thing.? Kent was always a= =20 huge presence at the meetings that I went to.? But as we know, those=20 stakeholder meetings are gone forever, too.??? Combine it with the death of= =20 the PX, and it is a very sobering set of circumstances." Finally, Dennis Flaherty, formerly of Dynegy, and now with Cynergy, wrote a= =20 long letter, of which a part I have included here.=20 ? "Over a couple of beers in the Sacramento Hyatt bar one evening, [Kent] a= nd=20 I philosophized on life:? [His] conclusion was that we should not be sadden= ed=20 by our departure from this world, but instead, we should embrace the=20 departure thinking that the person isn=01,t gone but instead the person=01,= s spirit=20 now fills the earth, wind, water and fire.? So now that you, [Kent], have= =20 departed us I ask all whom you left in this world to remember you, our dear= =20 friend, colleague and loved one, not for the person you were, but for the= =20 spirit you share with us all.? So when we feel that brisk breeze dancing on= =20 our necks or when we see that rare beautiful flower, let us remember to=20 embrace your philosophy and to strive to replicate and share the feeling yo= u=20 provided to all of us.? We all should consider ourselves the most fortunate= =20 people in the world for having the opportunity to see all the beautiful=20 aspects of the world rolled into one very special human spirit we knew as= =20 Kent Wheatland."=20 ?A final note for Burrito readers.? I will be asking the WPTF Board of=20 Directors to honor Kent by naming an award in his name. The Kent Wheatland= =20 Award will be given to special people in our industry who share the passion= =20 Kent had for doing the right thing, and persisting under any set of=20 circumstances, both favorable or unfavorable.? I hope that Gregg Wheatland,= =20 Kent's surviving brother, will help us select suitable candidates, and in s= o=20 doing, keep our departed friend's name alive. We won't give up that easily.= =20 Odds & Ends (_!_)=20 Responses for the WPTF General Meeting on February 8 and 9 have been=20 terrific.? If you haven't made a reservation, the primary hotel, the Old To= wn=20 Marriott in Scottsdale is fully booked.? However, there is an overflow hote= l,=20 the Scottsdale Courtyard Downtown, one mile South? of Old Town, that is=20 available, and at a slightly cheaper rate.=20 Dr. Ben Zycher of the RAND Corporation will be our keynote speaker at the= =20 dinner Thursday evening, February 8.? Ben is widely published, and provides= =20 very thoughtful and timely insights into the machinations of government=20 intervention into our electric power business. He has authored many LA Time= s=20 Op Ed articles (through which I met Ben) entitled, "Don't Blame the Power= =20 Crisis on Deregulation", "Political Meddling Made This Mess -- and Here The= y=20 Go Again!", and "Politicos Promise Power, and the People Will Pay."? The=20 dinner costs $45, and you need to make reservations with Barb Ennis, our=20 event coordinator at 402-468-4966. Or e-mail Barb at baennis@earthlink.net= =20 The all member meeting is also on Thursday, at 3:30 p.m.? We expect at leas= t=20 one representative of all 30 members to be present.? Friday morning, Februa= ry=20 9, we will have three guest speakers: John Underhill of SRP, Bill Meroney o= f=20 FERC, and Phil Sharp of the Kennedy School and the Bush Energy Policy=20 Transition Team.? Also, the ISO's Don Fuller will brief us on the ISO's=20 Demand Side Response program for the summer, and we will all have a chance = to=20 share with one another what we really would like to do after the ratepayer= =20 revolt demolishes our clubhouse.=20 Lunch on Friday will be provided by WPTF.=20 Golf is on the agenda Thursday morning.? We have a reservation at the=20 Camelback - Club Course for 12 golfers starting at 09:35 am on Thursday,=20 February 08, 2001 under my name. Our confirmation number is 7213430.? The= =20 cost is $90 which includes the cart and tax, the course is called the Club= =20 Course and it is 15 minutes North/West from the Scottsdale Marriott Suites= =20 Old Town.? For additional information, go to their website at=20 http://camelbackinn.com or feel free to call them at 800-242-2635 or=20 480-596-7050.=20 Good fortune for Sister Kendra, formerly of the California PX.? She writes,= =20 ? " Thank for the PX epitaph, I agree, it is sad, but on the good side, we= =20 will all go out into the industry and promote the market.? We have a story = to=20 tell about government interference.......=20 "I have accepted a position with Deloitte and Touche, but you can always=20 reach me at k.heinicke@att.net or 818-236-2133.? Please feel free to pass= =20 this along to anyone who is interested in staying in touch."=20 "I think the one thing I have learned in the last couple of months is that = I=20 am a Republican.? Also, I have given up swearing for New Years.? I decided = to=20 take a systematic approach so I started with the f-word.? I have decided to= =20 replace it with other words.? So now I am debating whether it is worse to b= e=20 FERC'd or PUC'd.? What do you think?" To tell you the truth, Sis, I haven't had the pleasure.=20 Well, Sheryl Lambertson sent us a little theme music to take us out.? Liste= n=20 to this.=20 The Rolling Blackout theme song sung to the tune from "Rawhide"=20 ? Rollin', rollin', rollin',=20 ? Though the state is golden,=20 ? Keep them blackouts rollin', statewide.=20 ? A little colder weather,=20 ? And we all freeze together,=20 ? Wishin' more plants were on the line.=20 ? All the things I'm missin',=20 ? Like lights and television,=20 ? Are waiting 'til we can pay the price.=20 ? Turn 'em on, turn 'em off,=20 ? Shut 'em down, block 'em out,=20 ? Turn 'em on, turn 'em off, statewide!=20 ? Brown 'em out, black 'em out,=20 ? Charge 'em more, give 'em less,=20 ? Let the pols fix the mess, statewide!=20 ? Keep movin', movin', movin',=20 ? Though they're disapprovin',=20 ? Keep them rates a-movin', statewide.=20 ? Don't try to understand 'em,=20 ? Just raise, charge, and collect 'em.=20 ? Soon we'll be livin' high and wide.=20 ? My heart's calculatin',=20 ? Nuclear plants will be waitin',=20 ? Be waitin' at the end of my ride.=20 ? Turn 'em on, turn 'em off,=20 ? Shut 'em down, block 'em out,=20 ? Turn 'em on, turn 'em off, statewide!=20 ? Brown 'em out, black 'em out,=20 ? Charge 'em more, give 'em less,=20 ? Let the pols fix the mess, statewide!=20 ? STATEWIDE!!!=20 Have a great weekend.? I'll see you in two.=20 gba=20 ?
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