Project to link power grids
A $1.5 billion effort to link the nation's three major electricity grids is getting a boost from Japanese investors and a European company well versed in integrating power markets.
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#1 Jan 14, 2012
""This is a way for New Mexico so get into the energy game in a big way," Harris said. "It's hard to estimate the peripheral and derivative businesses that will come in as a result of where it's located.""
Poor choice of words Harris,"derivative" as in mortgage derivatives that helped the housing bubble collapse a few years back. Sounds like Harris is trying to ENRON up some capital from foreign investors, spin off debt into shell companies and use "derivatives" to shield the "company" from direct responsibility. Grampa used to say, "A moral compass guides one to a moral destination." That would suggest an Amoral compass would guide one to an amoral destination. Looks like Harris has been knighted the progenitor of the newest bubble.
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