Thanks for your response and article. Here's a little ditty I dug up that might be of interest to you and those who may be thinking of trading this news...
"The transmission network is owned by a hodgepodge of government regulated and publicly owned utilities, with divergent financial goals and no mandatory national standards. Platts Global Energy Report estimates that $27.5 billion in spending is needed to upgrade the electric transmission and distribution network. (For those of you eager to learn more, Platts, a McGraw-Hill (MHP, news, msgs) subsidiary, is a pretty comprehensive source of information on the electric-transmission industry. See link at left. ) Assuming Congress acts to impose national standards and regulators cooperate by providing financial incentives, spending should ramp up in this long-neglected sector. It won't happen overnight, of course, but it's reasonable to look for some major capital projects by sometime in 2004. This should give investors time to figure out what went wrong and which companies are likely to benefit the most from increased spending. But at this point, I can at least steer you toward some likely candidates."
And then the article goes on to speculate about stock picks as possible winners...
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