Rick, can you say what your current position is regarding the yr2k risk to the (electric) power supply. Do you still think there is a real prospect of the power system failing to any degree. As far as yr2k is concerned the possibility of prolonged power cuts must be one of the worst possible scenarios. Many Thanks Richard

-- Anonymous, July 17, 1998

Answers

My current position hasn't changed much from earlier this year. I still expect to see significant problems in some U.S. geographic areas. There simply isn't very much Y2k action happening in the smaller REA's or municipals. And of course, this situation could translate into problems for the larger IOU's that have scads of generating and distribution capacity. For more details, hit the euy2k.com website.

-- Anonymous, July 19, 1998

Rick:

Have you seen any probability numbers that take a shot at quantifying the risk of local and or regional power outages?

These are the questions that executives ask when confronted with funding contingency plans. Gut feels don't cut it with the numbers guys.

Thanks, Jim

-- Anonymous, August 28, 1998