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See below. this is one of the issues that concerned us more than price caps, because it could limit our ability to move power to other markets in the west. In addition, if you get questions from the analysts on "reregulation" or price caps it is worth pointing out that the high prices prevailing in many markets help our retail sales pitch to end use customers and create opportunities for our wholesale price risk management services . . . even a $250 price cap is 5-10 times what large customers are accustomed to paying.
GREAT NEWS ****FERC Order on Morgan Stanley Complaint Against ISO