Showing posts with label midamerican energy. Show all posts
Showing posts with label midamerican energy. Show all posts

Wednesday, September 24, 2008

Buffet Bailout

While Congress mulls over the Treasury Department's $700 billion plan to slow the financial market's bleeding, investors with deep pockets are swooping in to stake their claim on under-valued institutions. It's time like these that I wish I had a spare million or two. Strike that....million is so passe.....billion is the new million.

Warren Buffet, my new adoptive father, is single-handedly attempting to restore confidence and order to what can be most eloquently called....a cluster f*&k! Last week, Buffet's Mid-American Energy chalked up a deal to purchase Constellation Energy for $4.7 billion. This week, Goldman Sachs will be the recipient of an offer they can't refuse -- a $5 billion infusion. Buffet stands to gain rougly 10% ownership of the WallStreet icon.

One man + a butt load of money + desperate times = Cha Ching!

The slew of events over the past several weeks have been amazing. It's so difficult to predict how everything is going to pan out. And hey people....there's an election in our midst as well. Too too much going on. It's overwhelming.

Warren Buffet's investments may be the historical sound bite from today. In the end...we may all be counting our lucky stars for this man.

Friday, September 19, 2008

Reality Check

I work for Constellation Energy. Recognize the name? We're all over the news. If you haven't heard, in the latest of Wall Street ups, downs, twists, turns, …..MidAmerican Energy has offered to buy us for $4.7 billion dollars. All "T"s will be crossed and "I"s dotted by close of business today.

The news has still not sunk in. I'm really not sure what it means in the long run. I still woke up this morning, brushed my teeth, showered, got dressed, fed our animal children, woofed down a bowl of Lucky Charms, walked Henry, and commuted in (camera ready for drive by shootings) -- a day like all others. My morning. Simple. Predictable. Day in, day out. Wash, rinse, repeat.

I love my life. I love this routine.

Maybe I live in a dream world. Strike that…I know I do. I never thought something like this would happen. I never thought my routine would (or even could) change unless I chose to make it so. Similarly, I never imagined a course for Constellation that it didn't plan for itself. For the first time, I realize how fragile things are. One day good. One day…the bottom drops out.

I love my life. I love this routine.

Doing my job is key. Until I'm told different….that's my role. That has not changed. I can keep my routine. I can keep my paycheck. I can keep my benefits. Safe for now…but the grim reality that it could all be over tomorrow will haunt me.

I love my life. I love this routine.