Generators deny gouging.
We have nothing to hide. Based on past history, we think they're probably going to say they don't see wrongdoing that provides a reason for refund. Last week, Davis announced that Edison had agreed in principle to state financial help in exchange for its transmission lines. To calculate the cost of producing electricity in those months, Cal-ISO analysts assumed power plant owners were buying natural gas from the spot market, where prices soared this winter, and were running old, inefficient plants. Cal-ISO officials then compared these costs with the prices sellers were paid.