PEPCO is Zack’s “Bear of the Day!”
June 30th, 2010
(Just looking for an excuse to trot out that pole-dancing bear!)
BEAR ALERT!!! Couldn’t happen to a more deserving company — Google Alert just sent me notice that one of my “favorite” companies is Zack’s “Bear of the Day!” Why? Well, they specifically mention that MAPP transmission project that just doesn’t seem to be needed:
Bear Of The Day: Pepco Holdings, Inc. (POM)
Check out their individual reports for other utilities and industries. Let’s hear it for the capital market crash — ain’t the depression grand?!?!?!
How bad is it? First the Indian River to Salem leg is cancelled, then the whole thing is suspended… and here we sit… waiting… and we all know that PJM demand is down the toilet.
Click here for the last RTEP Mid-Atlantic subcommittee presentation — see if you can download it!
And they opened an office and now they announce:
Meanwhile, we wait for the RTEP that just won’t come out. How delayed can it get? I guess all that backwards engineering to demonstrate need takes a while, eh?