Sound bites from state and federal regulators.
Gas System Acquisitions. Alabama Gas Corp. can proceed to acquire gas distribution system of City of LaFayette, AL, and apply systemwide...
while they may be cooperatives initially, we'll look at making those private corporations ... We can move rapidly to take advantage of deals we see out there, and not get caught up and lose them because of the time involved to get something approved."
Oglethorpe has a letter from RUS supporting the reorganization concepts. However, once the power marketing relationship develops, what's to prevent cooperatives from going direct to Enron, or to a similar marketer?
"I think we will," Brown predicts. "Sure. But we've still got to pay our share of Oglethorpe's stranded investment."
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