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Technology Stocks : (GMTN) Selling Earth-friendly Energy

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To: dotcomboy who wrote ()6/5/1999 3:04:00 PM
From: Scoobah  Read Replies (1) of 21
Hey Dot Comboy, after doing a little research, I found this little tid bit from Ralph Nader. This IPO looks like one to avoid based on this;

Cogeneration Buyer's Guide
Friday, October 23, 1998
Ralph Nader Group Says California's 'Green Electricity' Is a Hoax on Consumers
WASHINGTON -- Electricity being sold as environmentally friendly in
California's newly competitive power market ''is largely a hoax on
consumers,'' an enviromental-consumer group charged Thursday.
Public Citizen, which was founded by consumer activist Ralph Nader, said
that while customers pay an average of $10 extra per month to get so-called
''green electricity,'' the purchases do little to enhance the environment.
''The 'green' is going mostly into the pockets of marketers,'' said Joan
Claybrook, the organization's president.
The criticism brought a sharp response from California utility officials,
as well as some other environmentalists and renewable-energy advocates who
said Public Citizen's analysis was flawed.
''The green markets are, in fact, working and working well. Public Citizen
is completely out of touch,'' said Jan Smutny-Jones, director of a
coalition of renewable energy producers.

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