Re: Chama Folly

One thing that we used to do in industry is carry reserves in our books. Once every 9 years we have to shut down the whole plant to replace the Blast furnace lining. The cost of that ouotage is accumulated over the 9 years so there is mony available from year to year to do the major maintance. It was done for other high expense items also.
What the3 5 year plan forgot to take into accouont is a contingency for error or a reserve so that the current and past problems do not happen. WE need a realistic plan and a commitment along with it to fund the plan by the states through the comission for the 5 years. Then you will develop stability because they always know where the winter fund comes from etc. Each year the plan is then tweeked to take care of the normal fluctuations there in.
Frank