PPL doesn't need IPL
I was glad to hear PPL was reaffirming their offer with no increase. PPL does not need IPL. That is the simple truth. They have so many of their own projects in the queue and two real big ones on the horizon that appeared in the last month (Trans Mountain and Carbon Capture).
It might be best if PPL walks away with the $350 million. I don't know if they would buy IPL assets from Brook since I've got a feeling that Brook is bidding real cheap but they will ask a royal premium for any IPL assets they sell. PPl can afford to pass on that.
Regardless, PPL is headed much higher with or without IPL.