It's obviously the right thing to do. Most companies realize the residential class just can not get a rate shock.
You almost conceptually expect that gasoline prices will be just about as volatile as petroleum and oil prices. It's hard to do the same with electricity.
He can, if he does the restructuring smartly, save more than he will be paid. He is a master at this, and it is not an easy task.
Probably most of the plants they intend to sell are in the Southeast. It is a tough market and very regulated, so it was harder for them to carve a place there.
Baltimore has always been very sensitive to mild weather. That's a major reason they expanded their non-regulated trading business.
The company has insisted that last year was an exceptional year. I don't think this (drop in earnings) changes much of their long-term outlook.
You have a company that cannot sell its power and customers who are going to have higher prices to pay. That's the price of shutting down the plant. I hope people are happy they can breathe better, but nothing comes cheaply in energy.
The company is anxious to get out of bankruptcy and to bring itself into compliance with the environment. This should happen in a matter of months.
I think that it at least puts this enormous obstacle out of the way. Now that the polemics are over everybody can finally discuss things with less emotion.
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