Friday, June 02, 2006

Pepco and Mirant make nice

As reported in the Washington Post, Pepco and Mirant have settled their their long running feud that began back in 2000 after Pepco sold all of their power generating plants to the Atlanta company. Now Pepco will own a chunk of Mirant and get some cash.

Maybe Pepco can use the money to make needed investments in their core business of reliably distributing electricity. Here in the Maryland suburbs, around mid-day there was no wind or rain, just heat. Pepco's network failed.

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