Local utility Alliant Energy announced that they have taken full control of an $82M Mexican resort development, Laguna Del Mar. Thomas Content and Judy Newman follow the story. Content notes that Alliant also lost money invested in Brazil several years ago. Clearly, these regulated entities have no business spending money in this way. How about a rate cut (MG & E also spreads the money around in odd ways. Background here and here.
Daily Archives: February 19, 2005
Hunter Thompson & Bill Murray on Shotgun Golf
The game consists of one golfer, one shooter and a field judge. The purpose of the game is to shoot your opponent’s high-flying golf ball out of the air with a finely-tuned 12-gauge shotgun, thus preventing him (your opponent) from lofting a 9-iron approach shot onto a distant “green” and making a “hole in one.” Points are scored by blasting your opponent’s shiny new Titleist out of the air and causing his shot to fail miserably. That earns you two points.
Fascinating Game of Poker: Air Wisconsin Invests in US Airways
Appleton based regional carrier Air Wisconsin (which operates much of United Express’s routes) has participated in a $125M investment round with US Airways. Fascinating game of poker as Air Wisconsin renegotiates it’s deal with United and a rather interesting gamble. I wish them luck!
Keep in mind that Air Wisconsin currently has one (!) customer – United Airlines. United is shopping around for a better deal on regional flights (in effect, squeezing Air Wisconsin). Air Wisconsin does not, or did not have much leverage, other than price. This deal creates a different playing field for Air Wisconsin and United…