RE:RE:Anyone think that they will fire Tim Watson sometime soon?
I believe Harris was behind the WGL deal. He is gone now. Considering 50% of their growth Capex is going toward WGL and WGL has the highest returns of their assets it might turn out to be a money maker in due time. That growth comes on top of WGL increasing ebitda from 700 million to over 1 billion. Harris probably believed he could raise the dividend at the time. They got hit with a changing market over the 2 year close and threats of a downgrade are more important than a dividend. Over time I'd expect them to raise the dividend to previous levels. If they are smart when debt is paid they should raise twice a year in smaller amounts just to give the stock sustainable momentum. I hope this CEO is more in tune with the marker than Harris was.