11. But Turner said he is worried that utilities will find some way to create stranded costs. 12. Consumer groups consider stranded costs as a way to bailout utilities for their bad investments. 13. Consumer groups consider this a bailout for the industry, saying the companies and their shareholders should take the hit by paying stranded costs out of earnings and dividends. 14. Enron and other power companies may choose to stay out of the California market until the debts, called stranded costs, are paid off in four years. 15. Everyone agrees that ratepayers must bear some burden for stranded costs, but there are bitter disputes over how much. 16. He said the New England Electric sale was a good first step, but he wanted to cut into stranded costs further. 17. However the stranded cost issue is resolved, competition translates into a radical change in the business climate for nuclear plants. 18. If they get more than book value for their plants, the extra money goes to pay off stranded costs. 19. If no bids are offered, and analysts said that is a real possibility, the minimum bid would be used to determine the stranded cost. 20. In California, legislators gave residential customers a short-term rate cut while agreeing to a complex arrangement to help the industry recover its stranded costs. |