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Jones can make a person stop and think.
The South Texas Nuke plant in Bay City, just south of
our ranch, reported a reactor shutdown as a precaution when they
discovered a tiny leak in the high pressure water lines causing a tiny
amount of radioactive steam to escape. This is the plant begun by Brown and Root
(now KBR by way of Iraq) and finished by Bechtol with a price tag of $
1 bil estimate at start and a $ 5 bil finish.. excepting that by the time
Reliant and the State finished calculating the " stranded cost" it jumped
to,give/take ,$8 to 14 bil using Texas math.
The guys that actually operate the plant are among the
best in the business.
NOT TRUE of the people that run the Company which
is a " sorta" project-partnership between the old Houston Lighting and Power
(HL&P) (now who knows since) the company is split between Reliant, energy
and resources, Centerpoint et. al., The City of Austin and the old Central
Power and Light ( now lights out inc.)
Jones hit it on the nail about the CEO'S. They are NOT
in business to RUN a Company, they ARE in business for ONE purpose.. to
become personally rich.. HOW has nothing to do with it. The same is become true
of most CEO'S. Carly and Capellas got $ 25mil each for putting Compaq and HP
together and she got another $ 25 mil to walk. Disney could put it to music and
have a hit comedy. Warren Buffitt makes a bundle playing them off against one
another.
This is not management or leadership. I wouldn't want
these CEO'S anywhere near a nuclear plant. CF, bring it on!
Richard
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